settlement

the act of colonizing; the establishment of colonies

a community of people smaller than a town

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

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

something settled or resolved; the outcome of decision making

“they finally reached a settlement with the union”

a conclusive resolution of a matter and disposition of it

an area where a group of families live together