- viaticus settlement
- nounsale of an insurance policy by a terminally ill policy holder• Syn: ↑viatical settlement• Hypernyms: ↑liquidation, ↑settlement
Useful english dictionary. 2012.
viaticus settlement
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viatical settlement — noun 1. cash derived from sale of an insurance policy by a terminally ill policy holder • Hypernyms: ↑advance death benefit 2. sale of an insurance policy by a terminally ill policy holder • Syn: ↑viaticus settlement • Hypernyms: ↑liquidation, ↑ … Useful english dictionary
viatical settlement — [vʌɪ atɪk(ə)l] noun an arrangement whereby a person with a terminal illness sells their life insurance policy to a third party, in order to benefit from the proceeds while alive. Origin 1990s: viatical from L. viaticus relating to a journey or… … English new terms dictionary
