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VIATICAL SETTLEMENT

Pronunciation (US):

Dictionary entry overview: What does viatical settlement mean?

• VIATICAL SETTLEMENT (noun)
The noun VIATICAL SETTLEMENT has 2 senses:

1. cash derived from sale of an insurance policy by a terminally ill policy holder
2. sale of an insurance policy by a terminally ill policy holder

Familiarity information: VIATICAL SETTLEMENT used as a noun is rare.

Dictionary entry details

• VIATICAL SETTLEMENT (noun)

Sense 1

viatical settlement ^{[BACK TO TOP]}

Meaning:

Cash derived from sale of an insurance policy by a terminally ill policy holder

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("viatical settlement" is a kind of...):

advance death benefit (a percentage of death benefits paid directly to policy holders having a short life expectancy (usually 6 months))

Sense 2

viatical settlement ^{[BACK TO TOP]}

Meaning:

Sale of an insurance policy by a terminally ill policy holder

Classified under:

Nouns denoting acts or actions

Synonyms:

viaticus settlement; viatical settlement

Hypernyms ("viatical settlement" is a kind of...):

liquidation; settlement (termination of a business operation by using its assets to discharge its liabilities)

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