viatical settlement
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Definition(s):
- (n) cash derived from sale of an insurance policy by a terminally ill policy holder
- (n) sale of an insurance policy by a terminally ill policy holder
Usage(s):
- A few months ago, he received the funding for his viatical settlement, which handed him $58,500, or roughly 40% of his $150,000 policy.
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apprehensive
/ˌæ prɪ ˈhɛn sɪv /
/ˌæ prɪ ˈhɛn sɪv /