Pronunciation: [sˈɛtlɪŋ ˌʌp ˈɒn] (IPA) 
The spelling of the phrase "settling up on" can be broken down phonetically as /ˈsɛtəlɪŋ ˈʌp ɒn/. This means that the first syllable is pronounced with a short "e" sound, followed by a short "u" sound in the second syllable. The final syllable is pronounced with a short "o" sound. The phrase is commonly used to refer to the process of paying a debt or otherwise resolving a financial obligation.
"Settling up on" is a phrasal verb that is used to describe the act of making a final payment or reaching an agreement to resolve a financial matter or a debt. It refers to the process of clearing outstanding balances or obligations with another party, often in a mutually satisfactory manner.
When individuals or businesses engage in financial transactions, there may be instances where a debt or payment remains unsettled. This unsettled amount can be resolved by "settling up on" it. This includes the completion of all financial obligations, ensuring that both parties are satisfied and the matter is brought to a close.
For example, if two friends go out for dinner and one friend offers to pay the bill, the other person may say, "Don't worry, I'll settle up on it next time." This means that the person who did not pay will make a payment at a later date to "settle up", or clear their portion of the bill.
The term can also be used in the context of resolving outstanding financial issues in business transactions. For instance, if a company owes money to its suppliers, it may "settle up on" those accounts by making any outstanding payments to ensure the debts are fully cleared.
In summary, "settling up on" involves the act of making final payments or resolving financial obligations in order to bring to a close and settle outstanding balances or debts between parties.
