The act or process of settling.

Establishment, as of a person in a business or of people in a new region.
A newly colonized region.
A small community.
An arrangement, adjustment, or other understanding reached, as in financial or business proceedings: a divorce settlement.
Law.
Transfer of property to provide for the future needs of a person.
Property thus transferred.
A center providing community services in an underprivileged area. Also called settlement house.

An agreement reducing or resolving differences; esp An agreement between litigants that concludes the litigation (the states finally agreed upon a settlement and a consent decree - W. J. Brennan, Jr.) (entered into a property settlement prior to the divorce)
A formal and permanent grant or conveyance
The sum, estate, or income granted or paid under a settlement (if the monetary limits of a defendant's insurance policy can be discovered in order to obtain reasonable settlements - J. H. Friedenthal et al.)
closing (settlement costs)
The transfer of funds between a payor bank and a collecting bank in order to complete transactions for customers