colony, settlement -- (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")
village, small town, settlement -- (a community of people smaller than a town)
settlement -- (a conclusive resolution of a matter and disposition of it)
colonization, colonisation, settlement -- (the act of colonizing; the establishment of colonies; "the British colonization of America")
settlement, resolution, closure -- (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")
settlement -- (an area where a group of families live together)
liquidation, settlement -- (termination of a business operation by using its assets to discharge its liabilities)