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settlement

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A settlement is an agreement that resolves a dispute, an agreement officially transferring real estate to a new party, or people making a home in a new place where no one has lived before. (noun)

An example of a settlement is when divorcing parties agree on how to split up their assets.
An example of a settlement is when you buy a house and you and the sellers sign all the documents to officially transfer the property.
An example of settlement is when the colonists came to America.

See settlement in Webster's New World College Dictionary