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?
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