settlement vs village

settlement and village both are nouns.

Word	Noun	Adjective	Verb	Adverb
settlement	Yes	No	No	No
village	Yes	No	No	No

As nouns, settlement and village are synonyms defined as:

Other synonyms of settlement include small town.

As nouns, village is a hyponym of settlement; that is, village is a word with a more specific, narrower meaning than settlement:

Other hyponyms of settlement include hamlet.

settlement (noun)	village (noun)
termination of a business operation by using its assets to discharge its liabilities	a community of people smaller than a town
the act of colonizing; the establishment of colonies	a settlement smaller than a town
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