See Also: viatical(dictionary)
Viatical settlement(finance)
viatical settlement(encyclopedia)

viatical (iou)



viatical adjective. M19.
[from Latin viaticus pertaining to a road or journey, formed as VIA noun: see -ATIC, -AL1.]
Of or pertaining to a way or road; Botany growing by roadsides.
Special collocations: viatical settlement an arrangement whereby a person with a terminal illness sells his or her life insurance policy to a third party for less than its mature value, in order to benefit from the proceeds while alive.