settlement
noun
uk/ˈsetlmənt/ us [ C or U ]
an official agreement or decision that ends an argument, often involving a payment of money:
negotiate/reach a settlement
The lawyer negotiated an out-of-court settlement of $2 million.
[ C or U ]
payment of a debt:
in settlement of sth I wrote a check for $200 in settlement of my debts.
Be sure to make full and final settlement by the repayment deadline.
[ U ] FINANCE, STOCK MARKET
the process by which shares and money are exchanged at the end of a day of trading on a financial market:
The Stock Exchange has an electronic share settlement system.
[ U ]
the process by which payments are made on cheques:
This charge is made for the returned cheque due to insufficient funds for cheque settlement.
See also
the Bank for International Settlements
cash settlement
rolling settlement