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Consensus vs Settlement - What's the difference?

consensus | settlement |

As nouns the difference between consensus and settlement

is that consensus is a process of that seeks widespread agreement among group members while settlement is the state of being settled.

consensus

Noun

(es)
  • A process of that seeks widespread agreement among group members.
  • agreement among the members of a given group or community, each of which exercises some discretion in decision-making and follow-up action.
  • Average projected value, as in the finance term consensus forecast.
  • settlement

    English

    Noun

    (en noun)
  • The state of being settled.
  • A colony that is newly established; a place or region newly settled.
  • A community of people living together, such as a hamlet, village, town, or city.
  • (architecture) The gradual sinking of a building. Fractures or dislocations caused by settlement.
  • (finance) The delivery of goods by the seller and payment for them by the buyer, under a previously agreed trade or transaction or contract entered into.
  • (legal) A disposition of property, or the act of granting it.
  • (legal) A settled place of abode; residence; a right growing out of legal residence.
  • (legal) A resolution of a dispute.
  • Synonyms

    * (A resolution of a dispute) arrangement

    Hyponyms

    * See also

    Derived terms

    * settlement agreement