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settlement

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The definition of 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

noun

a settling or being settled (in various senses)
a new colony, or a place newly colonized
1. a small or isolated community; village
2. a community established by the members of a particular religious or social group
an agreement, arrangement, or adjustment
1. the conveyance or disposition of property for the benefit of a person or persons
2. the property thus conveyed
an institution in a depressed and congested neighborhood offering social services and educational and recreational activities
also settlement house

See settlement in American Heritage Dictionary 4

noun

The act or process of settling.
a. Establishment, as of a person in a business or of people in a new region.
b. A newly colonized region.
A small community.
An arrangement, adjustment, or other understanding reached, as in financial or business proceedings: a divorce settlement.
Law
a. Transfer of property to provide for the future needs of a person.
b. Property thus transferred.
A center providing community services in an underprivileged area. Also called settlement house.