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Settlement - 6 dictionary results

set⋅tle⋅ment

[set-l-muhnt]
–noun
1. the act or state of settling or the state of being settled.
2. the act of making stable or putting on a permanent basis.
3. a state of stability or permanence.
4. an arrangement or adjustment, as of business affairs or a disagreement.
5. an agreement signed after labor negotiations between union and management.
6. the terms reached in this agreement.
7. the settling of persons in a new country or place.
8. a colony, esp. in its early stages.
9. a small community, village, or group of houses in a thinly populated area.
10. a community formed and populated by members of a particular religious or ideological group: a Shaker settlement.
11. the satisfying of a claim or demand; a coming to terms.
12. Law.
a. final disposition of an estate or the like.
b. the settling of property, title, etc., upon a person.
c. the property so settled.
13. British.
a. legal residence in a specific place.
b. (of a pauper) the right to claim food and shelter from an official agency or specific town or district.
14. Also called settlement house. Social Work. an establishment in an underprivileged area providing social services to local residents.
15. a subsidence or sinking of all or part of a structure.

Origin:
1620–30; settle 1 + -ment
set·tle·ment   (sět'l-mənt)   
n.  
  1. The act or process of settling.
    1. Establishment, as of a person in a business or of people in a new region.
    2. A newly colonized region.
    3. Transfer of property to provide for the future needs of a person.
    4. Property thus transferred.
  2. A small community.
  3. An arrangement, adjustment, or other understanding reached, as in financial or business proceedings: a divorce settlement.
  4. Law
    1. Transfer of property to provide for the future needs of a person.
    2. Property thus transferred.
  5. A center providing community services in an underprivileged area. Also called settlement house.

Settlement

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.
Language Translation for : Settlement
Spanish: acuerdo, convenio,
German: das Übereinkommen, *bringen,
Japanese: 協定

settlement 
1645, "act of fixing or steadying;" from settle (v.). Meaning "colony" is attested from 1697; that of "payment of an account" is from 1729

settlement

The transfer of the security (for the seller) or cash (for the buyer) in order to complete a security transaction. See also delayed settlement, early settlement.


Main Entry: set·tle·ment
Function: noun
1 : the act or process of settling
2 a : an agreement reducing or resolving differences; especially : an agreement between litigants that concludes the litigation settlement and a consent decree —W. J. Brennan, Junior> settlement prior to the divorce> b : a formal and permanent grant or conveyance c : the sum, estate, or income granted or paid under a settlement settlements —J. H. Friedenthal et al.>
3 : CLOSING <settlement costs>
4 : the transfer of funds between a payor bank and a collecting bank in order to complete transactions for customers
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