settlement
//ˈset.əl.mənt//
Noun
settlementSingular
settlementsPlural
1
A place where people establish a community or colony, especially in a previously uninhabited or sparsely populated area
The first European settlement in the region was established in 1620.
2
An official agreement intended to resolve a dispute or conflict
They reached a settlement after months of negotiation.
3
The action or process of settling in a new place or establishing a community
The settlement of the American West began in the early 19th century.
4
A sum of money or property given to resolve a legal dispute or claim
They reached a settlement of $50,000 to avoid going to court.
5
The gradual sinking or subsiding of a structure or the ground beneath it
The settlement of the building's foundation caused cracks in the walls.