Structured Settlement
/ˈstrʌktʃərd ˈsɛtlmənt/
Definitions
- (n.) A financial arrangement in which a claimant receives periodic payments over time instead of a lump sum, often used to settle personal injury or wrongful death claims.
The injured party agreed to a structured settlement providing monthly payments for 20 years.
Related terms
Commentary
Structured settlements are favored to provide long-term financial security and may have tax advantages compared to lump sum payments.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.