Meaning of the word "settle up" in English

What does "settle up" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

settle up

US /ˈset.l ʌp/
UK /ˈset.l ʌp/
"settle up" picture

Phrasal Verb

1.

to pay a debt or an amount of money owed

Example:
Let's settle up before we leave the restaurant.
I need to settle up with my landlord by the end of the month.
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