What is the definition of Viatical settlement? | Dictionary.net

VIATICAL SETTLEMENT

\vˈa͡ɪətˌɪkə͡l sˈɛtə͡lmənt], \vˈa‍ɪətˌɪkə‍l sˈɛtə‍lmənt], \v_ˈaɪ_ə_t_ˌɪ_k_əl s_ˈɛ_t_əl_m_ə_n_t]\

Definitions of VIATICAL SETTLEMENT

1910 - Black's Law Dictionary (2nd edition)

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Settlement where an insurer pays a part of death benefits covering a person with a terminal illness.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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