settlement

Noun

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

• an area where a group of families live together

• 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
    
  • he needed to grieve before he could achieve a sense of closure
    

• the act of colonizing; the establishment of colonies
  • the British colonization of America
    

• a conclusive resolution of a matter and disposition of it

• a community of people smaller than a town

• 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
    

Related words

• Synonyms: 
  liquidation , resolution , closure , colonization , colonisation , village , small town , colony