Looking for the meaning of the word VIATICAL in English for both noun and verb forms from the Oxford Dictionary? Below, you can explore all possible meanings and definitions of VIATICAL with sentence examples. You can also use the “AUDIO PRONUNCIATION” track to check the correct pronunciation in British English.
Word: Viatical_settlement
Speech Type: Noun
Etymology:
1990s: viatical from Latin viaticus ‘relating to a journey or departing’ + -al
Audio Pronunciation:
Phonetic Spelling:
vʌɪˈatɪk(ə)l
Dialects: British English
Definition:
an arrangement whereby a person with a terminal illness sells their life insurance policy to a third party for less than its mature value, in order to benefit from the proceeds while alive.
Short Definition:arrangement whereby person with terminal illness sells their life insurance policy
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