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What is your question? Do you need the definition of settlement? 

settlement |?setlm?nt|
noun
1 an official agreement intended to resolve a dispute or conflict: unions succeeded in reaching a pay settlement | the settlement of the Sino-Japanese war.
• a formal arrangement made between the parties to a lawsuit in order to resolve it, esp. out of court: the owner reached an out-of-court settlement with the plaintiffs.
2 a place, typically one that has hitherto been uninhabited, where people establish a community: the little settlement of Buttermere.
• the process of settling in such a place: the early settlement of Queensland.
• the action of allowing or helping people to do this: he was involved in the sale and settlement of Crown land.
3 Law an arrangement whereby property passes to a succession of people as dictated by the settlor.
• the amount or property given.
4 the action or process of settling an account.
5 subsidence of the ground or a structure built on it: a boundary wall, which has cracked due to settlement, is to be replaced.
Settlement, Act of
a statute of 1701 that vested the British Crown in Sophia of Hanover (granddaughter of James I of England and VI of Scotland) and her Protestant heirs, so excluding Roman Catholics, including the Stuarts, from the succession. Sophia's son became George I.