settlement option

Insurance. A life-insurance-policy clause providing choices in the method of paying benefits to a beneficiary, as by lump-sum payment or periodic installments. [Cases: Insurance 2443, 3402. C.J.S. Insurance § 1194.]
专业法律词汇 词条贡献者
译者晓晨,毕业于世界顶级翻译学院,擅长翻译各种与反垄断咨询与合规相关的法律文件。
Scroll to Top