What is the meaning of settlement?

noun

• 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.
  • usage: "the American colony in Paris"
  • synonyms: colony
• A community of people smaller than a town.
  • synonyms: village, small town
• A conclusive resolution of a matter and disposition of it.
• The act of colonizing; the establishment of colonies.
  • usage: "the British colonization of America"
  • synonyms: colonization, colonisation
• Something settled or resolved; the outcome of decision making.
  • usage: "they finally reached a settlement with the union"; "they never did achieve a final resolution of their differences"; "he needed to grieve before he could achieve a sense of closure"
  • synonyms: resolution, closure
• An area where a group of families live together.
• Termination of a business operation by using its assets to discharge its liabilities.
  • synonyms: liquidation