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viatical
[vahy-at-i-kuhl, vee‑]
adjective
of or relating to a viaticum.
of or relating to a financial transaction in which a company buys life insurance policies from the terminally ill at less than their face value and may sell the policies to investors.
viatical settlements.
viatical
/ ɪˈæɪə /
adjective
of or denoting a road or a journey
botany (of a plant) growing by the side of a road
Word History and Origins
Origin of viatical1
Example Sentences
Q: Is a viatical settlement a good way to get some money?
Mr Freeman defends his willingness to enter into viatical settlements.
In response, financial planners established the viatical business.
But it was crime and people went to prison — people like our old friend Gar Hogan, sentenced to 28 years in prison for the crime of viatical fraud.
We can all instinctively understand the idea of life insurance; most of us will feel an instinctive repugnance at the thought of the viatical industry or dead peasants insurance.
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