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viatical

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
vi·at·i·cal  (v-t-kl)
adj.
1. or vi·at·ic (v-tk) Of or relating to traveling, a road, or a way.
2. Of or relating to a contractual arrangement in which a business buys life insurance policies from terminally ill patients for a percentage of the face value: a viatical settlement.
[From Latin viticus, relating to a journey, from via, road; see via. Sense 2, from viaticum.]
viatical [vaɪˈætɪkəl]
adj
1. of or denoting a road or a journey
2. (Life Sciences & Allied Applications / Botany) Botany (of a plant) growing by the side of a road
[from Latin viāticus belonging to a journey + -al1]
ThesaurusLegend:  Synonyms Related Words Antonyms
Adj.1.viatical - pertaining to the purchase of insurance policies from terminally ill policy holders; "viatical business"; "viatical companies"; "National Viatical Association"
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Viatical life settlements are the latest craze with investors It seems making money off of one''s death has become even easier with viatical life settlements- and for investors it often pays out fairly well under good circumstances Viatical life settlements are the latest craze with investors.
How Viatical Life Settlements Work by Daniel Millions / Finance and Investment community
The viatical settlements industry try was born in the 1980s in response to the AIDS crisis, when dying patients desperately needed cash to pay for expensive treatment.
Affirming viatical settlement laws: the NAIC developed the viatical ... by Darras, Frank N. / Best's Review
Contrary to the early days when viatical settlements were primarily utilized by the terminally ill, today many affluent seniors may be eligible to sell their life insurance benefits pursuant to what is now known as a senior or a life settlement.
Viatical settlements in Florida: new issues for estate planners by Ziegler, Stephen L. / Florida Bar Journal
 
 
 
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