settlement

Definition

noun

the payment of a bill, debt or claim
Usage to offer a discount for quick settlement
to reduce the price of something if the customer pays quickly
an agreement reached after discussion or negotiation
Usage to effect a settlement between two parties
to bring two parties together and make them agree to a settlement

Usage to accept something in full settlement
to accept money or service from a debtor and agree that it covers all the claim
an agreement reached without completing legal proceedings
a document recording a conveyance of property
a restriction in a will that ensures that property stays in the ownership of the family of the deceased, or ensures that the property is held in trust for the deceased’s family and that they receive any income from the sale of it