settlement (/ˈset.əl.mənt/)
noun · Advanced · Work & Business
🔊 /ˈset.əl.mənt/
Meaning
Meaning: agreement ending a dispute
An official agreement that ends a dispute or argument, often involving payment. It also means a small community.
Examples
🗣 The two parties reached a settlement, agreeing on a sum of money instead of going to court.
Etymology
From ‘settle’ (Old English ‘setlan’, to place, fix) plus ‘-ment’.
How & Where It’s Used
Means a legal agreement, a payment, and a place where people live.
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Tags: legal, agreement