viatical
Americanadjective
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of or relating to a viaticum.
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of or relating to a financial transaction in which a company buys life insurance policies from the terminally ill at less than their face value and may sell the policies to investors.
viatical settlements.
adjective
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of or denoting a road or a journey
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botany (of a plant) growing by the side of a road
Etymology
Origin of viatical
C19: from Latin viāticus belonging to a journey + -al 1
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
In response, financial planners established the viatical business.
From New York Times • Aug. 10, 2012
But it was crime and people went to prison — people like our old friend Gar Hogan, sentenced to 28 years in prison for the crime of viatical fraud.
From Salon • Aug. 10, 2012
A decade ago, Fred worked as a sales representative for a company called Vespers, which arranged viatical settlements for terminally ill policyholders.
From New York Times • Aug. 10, 2012
Many viatical deals are marketed to seniors looking for a slightly better return on their retirement income.
From Time Magazine Archive
Then in 1996 Congress made the proceeds from most viatical settlements tax exempt, and the business really took off.
From Time Magazine Archive
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
