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Terence，毕业于欧洲顶尖的高级翻译学院，专注翻译各类与房地产与土地使用诉讼有关的法律文件。