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settlement

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noun British English pronunciation: settlement /ˈset(ə)lmənt/ 
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singularsettlement
pluralsettlements
 
  1. 1
    [countable/uncountable] a formal agreement that ends a disagreement

    They are negotiating a peace settlement.

    the settlement of disputes between employers and employees

    1. a.
      an agreement that both sides involved in a legal disagreement accept or are forced to accept by a court

      He got the flat as part of their divorce settlement.

      an out-of-court settlement (=made without asking a court to decide)

  2. 3
    [countable/uncountable] the complete payment of an amount of money that you owe
    settlement of:

    Your duties include dealing with the settlement of guests' accounts.

    in settlement (of something):

    Enclosed is a cheque in settlement of the bill.

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