settlement in WordNet English dictionary

1. something settled or resolved; the outcome of decision making
   "they finally reached a settlement with the union"; "they never did achieve a final resolution of their differences"; "he needed to grieve before he could achieve a sense of closure"
   settlement  resolution  closure 
   
2. the act of colonizing; the establishment of colonies
   "the British colonization of America"
   colonization  colonisation  settlement 
   
3. a body of people who settle far from home but maintain ties with their homeland; inhabitants remain nationals of their home state but are not literally under the home state's system of government
   "the American colony in Paris"
   colony  settlement 
   
4. termination of a business operation by using its assets to discharge its liabilities
   liquidation  settlement 
   
5. a conclusive resolution of a matter and disposition of it
   settlement 
   
6. a community of people smaller than a town
   village  small town  settlement 
   
7. an area where a group of families live together
   settlement