WordNet sense 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):

colony

WordNet sense 2 (a community of people smaller than a town):

village, small town

WordNet sense 3 (something settled or resolved; the outcome of decision making):

closure, resolution

WordNet sense 4 (the act of colonizing; the establishment of colonies):

colonization, colonisation

WordNet sense 5 (termination of a business operation by using its assets to discharge its liabilities):

liquidation