1.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
2.a community of people smaller than a town
3.a conclusive resolution of a matter and disposition of it
4.the act of colonizing; the establishment of colonies;
the British colonization of America
5.something settled or resolved; the outcome of decision making;
the finally reached a settlement with the union
6.an area where a group of families live together
7.termination of a business operation by using its assets to discharge its liabilities