settlement meaning

[ 'setlmənt ] Pronunciation:   "settlement" in a sentence
Noun: settlement  setlmunt
  1. A body of people who settle far from home but maintain ties with their homeland; inhabitants remain nationals of their home state but are not literally under the home state's system of government
    - colony 
  2. A community of people smaller than a town
    - village, small town, tank town [N. Amer] 
  3. A conclusive resolution of a matter and disposition of it 
  4. The act of colonizing; the establishment of colonies
    - colonization, colonisation [Brit] 
  5. Something settled or resolved; the outcome of decision making
    "they finally reached a settlement with the union"
    - resolution, closure 
  6. An area where a group of families live together 
  7. Termination of a business operation by using its assets to discharge its liabilities
    - liquidation

Derived forms: settlements

See also: settle

Type of: agreement, body, community, conclusion, constitution, deciding, decision making, ending, establishment, formation, geographic area, geographic region, geographical area, geographical region, organisation [Brit], organization, termination, understanding

Encyclopedia: Settlement


[Architecture]
1.

The downward movement of a building structure due to consolidation of soil beneath the foundation.

2.

The sinking of solid particles of aggregate in fresh concrete or mortar after its placement and before its initial set.


[Business]
noun

BANK FOR INTERNATIONAL SETTLEMENTS, CASH SETTLEMENT, ROLLING SETTLEMENT

1 [C]

an official agreement that ends an argument between two people or groups:

The management and unions have reached a settlement over new working conditions.

An out-of-court settlement

(= an agreement that is made or money that is paid to stop sb going to court) has been agreed in the dispute over the terms of the loan.

❖ to agree/negotiate/offer/reach a settlement

◆ a financial/global/an industry-wide/a negotiated settlement

◆ a pay/wage settlement

2 [U]

the action of reaching an agreement:

the settlement of a claim/dispute

The dismissed workers rejected the settlement offer so the case went to court.

The letter set out the settlement terms that the injured driver would accept .

3 [U]

the action of paying money that you owe:

We offer a reduced price for quick settlement.

the settlement of a debt

a cheque in settlement of a bill

4 (Finance ; Stock Exchange ) [U]

the action of paying money that you owe for investments, etc:

the settlement system for securities


[Civil engineering]
"The gradual downward movement of an engineering structure, due to compression of the soil below the foundation."

[Economics]
1) The payment of an outstanding account, invoice, charge, etc.

2) A disposition of land, or other property, made by deed or will under which a trust is set up by the settlor. The settlement names the beneficiaries and the terms under which they are to acquire the property.

3) The document in which such a disposition is made.

4) The voluntary conclusion of civil litigation or an industrial dispute, as a result of agreement between the parties.


[Finance]
When payment is made for a trade.

[Law]
n. A disposition of land or other property, made by deed, will, or very rarely by statute (as in the Duke of Marlborough Annuity Act 1706), under which trusts are created by the settlor designating the beneficiaries and the terms on which they are to take the property. Settlements are of many different kinds; for example, marriage settlements, strict settlements, voluntary settlements, and, particularly, settlements under the Settled Land Act 1925(see SETTLED LAND). All settlements of land now take effect (since 1997) as "trusts of land.

Examples

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  1. we must impose restraints on wage settlements.
  2. i enclose a check in settlement of your account.
  3. their settlement were submerged.
  4. the two countries made settlement by amicable arrangement.
  5. settlement had always been prompt.

Related Words

  1. settleable solids test meaning
  2. settled meaning
  3. settled land meaning
  4. settled land act trustees meaning
  5. settledness meaning
  6. settlement agent meaning
  7. settlement agreement meaning
  8. settlement and resettlement meaning
  9. settlement conference meaning
  10. settlement date meaning
PC Version