settlement　

settlement　交收，结算，交割，清偿，授产安排　

1.law：（1）conclusion of an agreement under which a party（called the obligor）fulfills its promise to another party（called the oblige）.（2）conveyance of a property（or the settlor’s interest in it）to provide for the trust’s one or more beneficiaries.（3）winding up and final distribution of a deceased’s estate.2.selling：conclusion of a transaction where what was bought is delivered to the buyer and payment for which is made to the seller.3.real estate：conveyance of a property to its purchaser and（in case of a mortgage）recording of the lender’s lien.4.negotiations：agreement reached between two or more contending parties.5.securities：delivery of a security by a seller to a buyer on or before the settlement date（typically，3business days after the trading date）.