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viatical

/vaɪˈæt.ɪ.kəl/

1 entry

adjective

/vaɪˈæt.ɪ.kəl/formalamericanbusinessobsolete
  • ruУстаревшее прилагательное, относящееся к виатическому урегулированию, которое включает продажу полиса страхования жизни неизлечимо больным человеком. Само слово редко используется вне этого специфического финансового контекста.

An obsolete adjective relating to a viatical settlement, which involves the sale of a life insurance policy by a terminally ill person. The word itself is rarely used outside of this specific financial context.

  1. Insurance policy purchaseC2formalamericanbusiness

    Relating to the financial practice of buying a life insurance policy from a person who is terminally ill, at a discounted rate.

    ruВиатический

    • The viatical settlement provided the patient with immediate funds for medical care.
    • Investors in viatical contracts assume the risk of the policyholder's lifespan.
    • Viatical companies offer a way for the terminally ill to access their death benefits early.