Entry from US English dictionary
Definition of structured settlement in English:
A legal settlement paid out as an annuity rather than in a lump sum, usually with certain tax advantages for the recipient and a savings for the payer.
- Structured settlements don't just settle the claim; they do so in a way that meets all of the parties needs.
- Perhaps the most telling objection to structured settlements is that the advantages to both claimant and insurer are at the taxpayer's expense.
- Is there anything in structured settlements for the defendants, for the insurers, for the taxpayers, indeed for the government?
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.