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settlement

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settlement/ˈsɛtl̟mənt/noun
pluralsettlements
settlement
/ˈsɛtl̟mənt/
noun
pluralsettlements
Learner's definition of SETTLEMENT  
[count]  : a formal agreement or decision that ends an argument or dispute
also  : an amount of money that someone receives as part of such an agreement
   b  [singular]  : the act or process of settling an argument or disagreement
[noncount]  : the act of paying back money that is owed — often + of
[count]  : a place where people have come to live and where few or no people lived before
   b  [noncount]  : the act or process of moving to a new area or place to live there : the act or process of settling an area or place — often + of
   c  [count]  : a small village
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