settlements
Pronunciation: [ˈsɛtəlmənts]
Word
Context: “community”
(noun) Settlements are places where people live, often built in a specific area. It can be a small village or a group of homes where families reside together.
Example
The new housing development will create several settlements for families moving to the area.
Example
Many settlements were abandoned after the families moved away.
Example
Are there any new settlements being built in our town?
Context: “agreement”
(noun) In some situations, settlements mean an agreement or resolution after a conflict, especially in legal terms. It’s when two sides come to an understanding without going to court.
Example
The company reached a settlement with the workers to resolve their dispute fairly.
Example
They were unable to come to a settlement, so the case went to trial.
Example
Have they agreed on a settlement yet?
Context: “finance”
(noun) Settlements can also refer to the process of completing a transaction, like finalizing payments or deliveries in business.
Example
The bank confirmed that all settlements for the day were processed successfully.
Example
There were issues with the settlements, which delayed the payments.
Example
When will the settlement of the transaction happen?
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