viatication

viatication (vI-at-[schwa]-kay-sh[schwa]n). [fr. Latin viaticus “relating to a road or journey”] The purchase of a terminally or chronically ill policyholder’s life insurance in exchange for a lump-sum payment. See viatical settlement under SETTLEMENT.

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词条贡献者

法律翻译王漾，在一家顶尖英国律师事务所的上海办公室担任全职法律翻译，专注翻译各类与大中华业务有关的法律文件。