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settlement

noun C1 Formal

Meaning

A settlement refers to a formal agreement or resolution reached between parties, often in the context of legal disputes, financial negotiations, or social arrangements, which may involve the relinquishment of claims or the establishment of terms that gove
💡 The term "settlement" can sometimes be confused with "agreement"; however, a settlement typically implies a resolution to a dispute, while an agreement may not necessarily involve conflict or negotiation.

Example Sentences

The settlement agreement resolved the dispute between the two companies .
The settlement of disputes is crucial for maintaining international relations .
The settlement of the dispute was reached after several negotiations .
The settlement was reached after several hours of careful negotiation .

Common Phrases

legal settlement financial settlement territorial settlement

Synonyms

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