Crossword Genius

Paying one's bills in the village (10)

Ross

I believe the answer is:

settlement

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This clue might be a double definition.

'paying one's bills' is the first definition.
'settlement' can be an answer for 'paying' (thesaurus). I am unsure of the 'one's bills' bit.

'village' is the second definition.
(I know that village can be written as settlement)

'in the' acts as a link.

Can you help me to learn more?

(Other definitions for settlement that I've seen before include "Small colony" , "Official agreement" , "Colony - discharge of debt" , "Reservation" , "Colony; agreement" .)

I've seen this clue in the Evening Standard.
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