different between remittance vs settlement
remittance
English
Etymology
remit +? -ance
Noun
remittance (countable and uncountable, plural remittances)
- The act of transmitting money, bills, etc. to a distant place, in return or payment for goods purchased.
- That which is remitted; a payment to a remote recipient.
Usage notes
- Not to be confused with remittence.
Translations
See also
- money order
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settlement
English
Etymology
settle +? -ment
Pronunciation
- IPA(key): /?set.l.m?nt/
- Hyphenation: settle?ment
Noun
settlement (plural settlements)
- The act of settling.
- 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.
- (law) A disposition of property, or the act of granting it.
- (law) A settled place of abode; residence; a right growing out of legal residence.
- (law) A resolution of a dispute.
Synonyms
- (A resolution of a dispute): arrangement
Hyponyms
- See also Thesaurus:settlement
Derived terms
- settlement agreement
- settlement house
Related terms
- settler
Translations
settlement From the web:
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