accord and satisfaction vs settlement

settlement vs accord and satisfaction

accord and satisfaction and settlement both are nouns.

Word	Noun	Adjective	Verb	Adverb
accord and satisfaction	Yes	No	No	No
settlement	Yes	No	No	No

As nouns, settlement is a hypernym of accord and satisfaction; that is, settlement is a word with a broader meaning than accord and satisfaction:

accord and satisfaction: the settlement of a debt by paying less than the amount demanded in exchange for extinguishing the debt
settlement: a conclusive resolution of a matter and disposition of it

accord and satisfaction (noun)	settlement (noun)
the settlement of a debt by paying less than the amount demanded in exchange for extinguishing the debt	termination of a business operation by using its assets to discharge its liabilities
	the act of colonizing; the establishment of colonies
	something settled or resolved; the outcome of decision making
	a conclusive resolution of a matter and disposition of it
	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
	a community of people smaller than a town
	an area where a group of families live together

Difference between accord and satisfaction and settlement

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