settlement
US /ˈset̬.əl.mənt/
UK /ˈset̬.əl.mənt/
1.
an official agreement intended to resolve a dispute or conflict
:
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The two parties reached a peaceful settlement after long negotiations.
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The court ordered a financial settlement for the victim.
2.
a place, typically one which has previously been uninhabited, where people establish a community
:
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The early pioneers established a small settlement near the river.
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Archaeologists discovered an ancient Roman settlement.
3.
the action of people making their permanent home in a place
:
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The settlement of the West was a major historical event.
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The government encouraged the settlement of new territories.