Synonyms/Hypernyms (Ordered by Estimated Frequency) of noun viatical_settlement

2 senses of viatical settlement

Sense 1
viatical settlement -- (cash derived from sale of an insurance policy by a terminally ill policy holder)
       => advance death benefit -- (a percentage of death benefits paid directly to policy holders having a short life expectancy (usually 6 months))

Sense 2
viatical settlement, viaticus settlement -- (sale of an insurance policy by a terminally ill policy holder)
       => liquidation, settlement -- (termination of a business operation by using its assets to discharge its liabilities)