Definition of settles:
(v) :
To conclude or resolve (something):
(v) :
(transitive) To determine (something which was exposed to doubt or question); to resolve conclusively; to set or fix (a time, an order of succession, etc).
(v) :
(transitive) To conclude, to cause (a dispute) to finish.
(v) :
(transitive) In particular, to terminate (a lawsuit), usually out of court, by agreement of all parties.
(v) :
(transitive) To close, liquidate or balance (an account) by payment, sometimes of less than is owed or due.
(v) :
(transitive, colloquial) To pay (a bill).