Settlement word meaning and definition

[noun] termination of a business operation by using its assets to discharge its liabilities
[noun] the act of colonizing; the establishment of colonies; "the British colonization of America"
[noun] something settled or resolved; the outcome of decision making; "the finally reached a settlement with the union"; "they never did achieve a final resolution of their differences"
[noun] a conclusive resolution of a matter and disposition of it
[noun] a community of people smaller than a town
[noun] 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
[noun] an area where a group of families live together

\Set"tle*ment\, n. 1. The act of setting, or the state of being settled. Specifically:
(a) Establishment in life, in business, condition, etc.; ordination or installation as pastor. Every man living has a design in his head upon wealth power, or settlement in the world. --L'Estrange.
(b) The act of peopling, or state of being peopled; act of planting, as a colony; colonization; occupation by settlers; as, the settlement of a new country.
(c) The act or process of adjusting or determining; composure of doubts or differences; pacification; liquidation of accounts; arrangement; adjustment; as, settlement of a controversy, of accounts, etc.
(d) Bestowal, or giving possession, under legal sanction; the act of giving or conferring anything in a formal and permanent manner. My flocks, my fields, my woods, my pastures take, With settlement as good as law can make. --Dryden.
(e) (Law) A disposition of property for the benefit of some person or persons, usually through the medium of trustees, and for the benefit of a wife, children, or other relatives; jointure granted to a wife, or the act of granting it. 2. That which settles, or is settled, established, or fixed. Specifically:
(a) Matter that subsides; settlings; sediment; lees; dregs. [Obs.] Fuller's earth left a thick settlement. --Mortimer.
(b) A colony newly established; a place or region newly settled; as, settlement in the West.
(c) That which is bestowed formally and permanently; the sum secured to a person; especially, a jointure made to a woman at her marriage; also, in the United States, a sum of money or other property formerly granted to a pastor in additional to his salary. 3. (Arch.)
(a) The gradual sinking of a building, whether by the yielding of the ground under the foundation, or by the compression of the joints or the material.
(b) pl. Fractures or dislocations caused by settlement. 4. (Law) A settled place of abode; residence; a right growing out of residence; legal residence or establishment of a person in a particular parish or town, which entitles him to maintenance if a pauper, and subjects the parish or town to his support. --Blackstone. Bouvier. {Act of settlement} (Eng. Hist.), the statute of 12 and 13 William III, by which the crown was limited to the present reigning house (the house of Hanover). --Blackstone.

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