settlement

noun

1. 1

   termination of a business operation by using its assets to discharge its liabilities

2. 2

   the act of colonizing; the establishment of colonies

   the British colonization of America

3. 3

   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

4. 4

   a conclusive resolution of a matter and disposition of it

5. 5

   a community of people smaller than a town

6. 6

   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

7. 7

   an area where a group of families live together