what is settlement?
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1. an official agreement intended to resolve a dispute or conflict.
"unions succeeded in reaching a pay settlement"
2. a place, typically one that has hitherto been uninhabited, where people establish a community.
"the little settlement of Buttermere"
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These are the definitions of Settlement depending upon different situations:
- an official agreement intended to resolve a dispute or conflict.
- a place, typically one that has hitherto been uninhabited, where people establish a community.
- an arrangement whereby property passes to a succession of people as dictated by the settlor.
- the action or process of settling an account.
- subsidence of the ground or a structure built on it.
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