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RBA Glossary definition for settlement

settlement – The discharge of obligations arising from fund transfers between two or more parties.

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References

10 Nov 2021 RDP 2021-10
Gianni La Cava and Lydia Wang
Ellis L (2005), ‘Disinflation and the Dynamics of Mortgage Debt’, in Investigating the Relationship between the Financial and Real Economy, BIS Papers No 22, Bank for International Settlements, Basel, pp
https://www.rba.gov.au/publications/rdp/2021/2021-10/references.html

The Rise in Household Liquidity

10 Nov 2021 RDP 2021-10
Gianni La Cava and Lydia Wang
Research Discussion Paper – RDP 2021-10 The Rise in Household Liquidity. Gianni La Cava and Lydia Wang. November 2021. 1.71. MB. 1. The Rise in Household Liquidity. Households need liquid assets, such as cash, to get through periods of financial
https://www.rba.gov.au/publications/rdp/2021/2021-10/full.html