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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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