"Location settings" refers to the features and options on devices or in applications that allow you to control and determine whether or not your location information is shared or tracked. Full definition
You can find the new Location settings in the Privacy group along with options to change other privacy settings on the camera, microphone, and other items. (howtogeek.com)
I personally would love to see a new location set within modern or futuristic times. (thekoalition.com)
In our tests we were easily able to get through the day, although not beyond that if we used it heavily on the go with location settings turned on. (pocket-lint.com)