[ˈsɛtlm(ə)nt], (Noun)

Definitions:
- an official agreement intended to resolve a dispute or conflict
(e.g: unions succeeded in reaching a pay settlement)

- a place, typically one which has previously been uninhabited, where people establish a community
(e.g: one of the oldest Viking settlements in western Europe)

- an arrangement whereby property passes to a succession of people as dictated by the settlor
(e.g: inheritance tax could be due if you make a substantial gift or settlement and then die within the following seven years)

- the action or process of settling an account
(e.g: most suppliers will offer early settlement discounts)

- subsidence of the ground or a structure built on it
(e.g: a boundary wall, which has cracked due to settlement, is to be replaced)


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