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Meaning of VIATICAL SETTLEMENT

 
WordNet Dictionary
 
 Definition: 
  1. [n]  sale of an insurance policy by a terminally ill policy holder
  2. [n]  cash derived from sale of an insurance policy by a terminally ill policy holder
 
 Synonyms: viaticus settlement
 
 See Also: advance death benefit, liquidation, settlement

 

 

 

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