settlement
set-tle-ment
noun
A formal agreement reached to resolve a dispute or legal case.
"They reached a financial settlement."
noun
The act of paying money owed, often for a debt or invoice.
"Prompt settlement of the bill is appreciated."
noun
A place where people have established a community or made their homes.
"The ancient settlement was discovered."
Thesaurus
Synonyms: liquidation, closure, resolution, colony, colonization, colonisation, small town, village