One of the mysteries of the English language finally explained.
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.
- ‘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.’
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