settlement

noun

• The act of settling.
• The state of being settled.
• A colony that is newly established; a place or region newly settled.
• A community of people living together, such as a hamlet, village, town, or city.
• The gradual sinking of a building. Fractures or dislocations caused by settlement.
• The delivery of goods by the seller and payment for them by the buyer, under a previously agreed trade or transaction or contract entered into.
• A disposition of property, or the act of granting it.
• A settled place of abode; residence; a right growing out of legal residence.
• A resolution of a dispute.