Settlement vs Payment - What's the difference?
settlement | payment |
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.
(uncountable) The act of paying.
(countable) A sum of money paid in exchange for goods or services.
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As nouns the difference between settlement and payment
is that settlement is the state of being settled while payment is the act of paying.settlement
English
Noun
(en noun)Synonyms
* (A resolution of a dispute) arrangementHyponyms
* See alsoDerived terms
* settlement agreementpayment
English
Noun
The Mirror and the Lamp, passage=“[…] This is Mr. Churchill, who, as you are aware, is good enough to come to us for his diaconate, and, as we hope, for much longer; and being a gentleman of independent means, he declines to take any payment .” Saying this Walden rubbed his hands together and smiled contentedly.}}