| NOUN | possession | viatical settlement | cash derived from sale of an insurance policy by a terminally ill policy holder |
|---|---|---|---|
| act | viatical settlement, viaticus settlement | sale of an insurance policy by a terminally ill policy holder |
| Meaning | cash derived from sale of an insurance policy by a terminally ill policy holder. | |
|---|---|---|
| Broader | advance death benefit | A percentage of death benefits paid directly to policy holders having a short life expectancy (usually 6 months) |
| Meaning | sale of an insurance policy by a terminally ill policy holder. | |
|---|---|---|
| Synonym | viaticus settlement | |
| Broader | liquidation, settlement | termination of a business operation by using its assets to discharge its liabilities / liabilities |
| Spanish | acuerdo viático | |
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