settlement
Definition
A formal agreement intended to end a dispute or lawsuit, often involving payment or concessions.
A newly established community or colony, typically in a remote or undeveloped area.
The act of paying a debt, account, or claim in full.
A small village or community of people living in a particular place.
Examples
After decades of feuding over grandma's secret pie recipe, the family finally reached a settlement: everyone gets a slice, no questions asked.
The Wild West settlement boasted one saloon, two grudges, and a sheriff who moonlighted as the town dentist.
He received a hefty divorce settlement, which he promptly invested in a lifetime supply of ice cream and regret.
The insurance settlement for his 'minor' fender bender covered therapy for the emotional trauma of parallel parking.