Webster's English Dictionary

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settlement

set.tle.ment \'set-*l-m*nt\ n 1: the act or process of settling  2: the 
   sum, estate, or income secured to one by a settlement  3a: a place or 
   region newly settled  3b: a small village  4: an institution providing 
   various community services to people in a crowd ed part of a city 5: an 
   agreement composing differences