Definition of structured settlement in US English:
structured settlement
noun
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.
Example sentencesExamples
Perhaps the most telling objection to structured settlements is that the advantages to both claimant and insurer are at the taxpayer's expense.
In Kyla Baxter's affidavit the structured settlements are established and held by insurance companies.
Mr. Greasley was expressly told that the structured settlement was put in place contingent on court approval.
Is there anything in structured settlements for the defendants, for the insurers, for the taxpayers, indeed for the government?
Structured settlements don't just settle the claim; they do so in a way that meets all of the parties needs.
Definition of structured settlement in US English:
structured settlement
noun
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.
Example sentencesExamples
Structured settlements don't just settle the claim; they do so in a way that meets all of the parties needs.
In Kyla Baxter's affidavit the structured settlements are established and held by insurance companies.
Mr. Greasley was expressly told that the structured settlement was put in place contingent on court approval.
Is there anything in structured settlements for the defendants, for the insurers, for the taxpayers, indeed for the government?
Perhaps the most telling objection to structured settlements is that the advantages to both claimant and insurer are at the taxpayer's expense.