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单词 viatical settlement
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viatical settlement
viatical settlement n. an arrangement whereby a person having a terminal illness (esp. AIDS) sells his or her life insurance policy to a third party for less than its mature value so that he or she can benefit from the proceeds while alive; cf. death futures n. at death n. Compounds 2.Sources differ on the sense of viaticum n. which informs this use of viatical: see, for example, quots. 1993, 1995.extracted from viaticaladj.n.
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