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"settlement" is also used as a crossword clue. If that's what you saw, the answer is often colony (6 letters).
Definitions
termination of a business operation by using its assets to discharge its liabilities
Word origin
From settle + -ment.
Used in a sentence
“settlement of debt”
Source: Wiktionary, CC BY-SA 4.0
Used as a crossword answer1 curated clues
01“Deal”10 letters
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