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Settlement vs Statement - What's the difference?

settlement | statement |

In finance terms the difference between settlement and statement

is that settlement is 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 while statement is a document that summarizes financial activity.

As nouns the difference between settlement and statement

is that settlement is the state of being settled while statement is a declaration or remark.

As a verb statement is

to provide an official document of a proposition, especially in the UK a Statement of Special Educational Needs.

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

    statement

    English

    Etymology 1

    From .

    Noun

    (en noun)
  • A declaration or remark.
  • A presentation of opinion or position.
  • (finance) A document that summarizes financial activity.
  • a bank statement
  • (computing) An instruction in a computer program.
  • Synonyms
    * See also
    Derived terms
    * environmental impact statement * fashion statement * financial statement * impact statement * mission statement * statemental * victim impact statement * vision statement

    Etymology 2

    and statemented

    Verb

    (en verb)
  • To provide an official document of a proposition, especially in the UK a Statement of Special Educational Needs.
  • See also

    * (projectlink)

    Anagrams

    *