There are multiple definitions - click on the translation that matches your context.

Ausgleich

Substantiv

full

settlement

noun

Definitions of settlement

English

an arrangement to end a legal dispute before a final adjudication (=decision by a court) of a matter

The parties were unable to reach an out-of-court settlement, so the case proceeded to trial.

English

the act of arranging for a trustee to keep land for a beneficiary

In most jurisdictions, settlements only confer beneficial rights under a trust.

English

the transfer of property from one owner to another

A settlement agent will protect your interests during the settlement process.