单词 | death futures |
释义 | > as lemmasdeath futures death futures n. Business colloquial (chiefly U.S.) life insurance policies belonging to the terminally ill, bought by a third party at less than the mature value, thus affording the policy-holder financial benefits while alive and the investor a return upon the death of the policy-holder; cf. viatical settlement n. at viatical adj. and n. Additions a. ΘΚΠ society > trade and finance > financial dealings > insurance > [noun] > insurance policy > specific types of policy fire policy1737 valued policy1737 life policy1751 wagering policy1766 wager policy1766 time policy1808 wager-insurance1824 voyage policy1848 ppi1895 floater1900 maintenance contract1915 death futures1993 1993 Boston Globe 25 July i. 1/3 The product has been called ‘death futures’, or speculating in death—the sooner the policyholder dies, the faster the return. 1995 Seattle Times (Nexis) 25 Nov. a10 In the ‘death futures’ business, a bad disease becomes a good investment. And a life-insurance policy that normally pays out after death provides cash during life—in exchange for profits for an investor. 2000 Toronto Star (Electronic ed.) 27 Dec. (heading) ‘Death futures’ come to Ontario. 2011 Independent on Sunday (Nexis) 4 Dec. 92 The idea originated..as a consequence of the 1990s Aids crisis, when relatively young people had far shortened life expectancies and needed ready cash for medical treatment... The trade earned the ominous monikers of ‘death bonds’ or ‘death futures’. < as lemmas |
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