ˈkləʊ.ʒə(ɹ) ˈkloʊ.ʒɝ ˈkɒ.lə.ni ˈkɔ.lə.ni ˌlɪkwəˈdeɪʃən ˌɹɛzəˈluːʃ(ə)n ˌɹɛzəˈl(j)uʃ(ə)n ˈset.l.mənt ˈvɪlɪd͡ʒ termination of a business operation by using its assets to discharge its liabilities the act of colonizing; the establishment of colonies the British colonization of America something settled or resolved; the outcome of decision making they finally reached a settlement with the union they never did achieve a final resolution of their differences he needed to grieve before he could achieve a sense of closure a conclusive resolution of a matter and disposition of it a community of people smaller than a town a body of people who settle far from home but maintain ties with their homeland; inhabitants remain nationals of their home state but are not literally under the home state's system of government the American colony in Paris an area where a group of families live together