Severance vs Settlement - What's the difference?
severance | settlement |
The act of severing or the state of being severed.
A separation.
A severance 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.
