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.

---

词条贡献者

双语律师Shifang，知名法学院法律专业，擅长翻译各类与企业改组和重组相关的法律文件。