Crossword Genius

Is waiting there when one arrives and settles up with (5)

Ross

I believe the answer is:

meets

I'm a little stuck... Click here to teach me more about this clue!

'is' is the definition.
The definition and answer can be both to do with social activities as well as being verbs in their -s form.
Perhaps you can see an association between them that I can't see?

'waiting there when one arrives and settles up with' is the wordplay.
I cannot quite understand how this works, but
'one' could be 'me' (a setter might use 'one' to humourously mean 'me') and 'me' is located in the answer.
The remaining letters 'ets' is a valid word which might be clued in a way I don't understand.
This explanation may well be incorrect...

Can you help me to learn more?

(Other definitions for meets that I've seen before include "Makes contact with" , "Encounters or suffices" , "Hunts" , "Comes across" , "Hunt assemblies" .)

I've seen this clue in the Evening Standard.
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