How to Say "settle" in Spanish
The most common Spanish word for “settle” is “arreglar” — use this when you need to sort out a disagreement or resolve a problem.
arreglar
ah-rreh-GLAHRarreˈɣlaɾ

Examples
Necesitamos arreglar este malentendido antes de que sea peor.
We need to sort out this misunderstanding before it gets worse.
El banco finalmente arregló la deuda de la compañía.
The bank finally settled the company's debt.
cancelar
kahn-seh-LAHRkan.seˈlaɾ

Examples
Voy a cancelar la factura de luz antes de que corten el servicio.
I'm going to pay the electricity bill before they cut the service.
Ellos lograron cancelar todas sus deudas hipotecarias.
They managed to pay off all their mortgage debts.
Pagar vs. Cancelar
'Pagar' is the general word for paying. 'Cancelar' is often used when settling a specific, large bill or debt, giving it a slightly more formal or final feeling.
escaño
es-KAH-nyohesˈkaɲo

Examples
Había un antiguo escaño de madera en el recibidor.
There was an old wooden bench in the entrance hall.
El abuelo se sentaba en el escaño para contar historias.
The grandfather used to sit on the bench to tell stories.
Descriptive use
When using this to describe furniture, it almost always implies something old, sturdy, and made of wood.
Confusing 'arreglar' and 'cancelar'
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