Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

structured settlement

Read a random definition: benevolent society

A quick definition of structured settlement:

A structured settlement is an agreement between two parties to resolve a legal dispute or lawsuit. In this type of settlement, the defendant agrees to pay the plaintiff a certain amount of money over a specified period of time. This is often used in personal injury or product liability cases. It can be beneficial because it provides the plaintiff with a steady stream of income instead of a lump sum payment.

A more thorough explanation:

A structured settlement is an agreement between two parties to resolve a legal dispute or lawsuit. In this type of settlement, the defendant agrees to pay the plaintiff a specified amount of money periodically over a set period of time. This is different from a lump sum payment, which is paid all at once.

  • In a personal injury case, the defendant may agree to pay the plaintiff a certain amount of money each month for a specified number of years instead of a lump sum payment.
  • A terminally ill person may sell their life insurance policy to a third party in exchange for a lump sum payment. The third party then receives the insurance benefit when the person dies. This is called a viatical settlement.

These examples illustrate how structured settlements work. Instead of receiving a large sum of money all at once, the plaintiff or policyholder receives smaller payments over time. This can be beneficial for both parties, as it allows the defendant or third party to spread out the payments and can provide the plaintiff or policyholder with a steady stream of income.

structured security | student-benefit theory

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
m10
11:33
Here's an article from Testosterone nation for all you men out there on why stretching is bullshit. https://archive.t-nation.com/training/stretching-is-b-s/
snow
11:36
M so close to crashing out
BulbasaurNoLikeCardio
11:36
@babycat: If the person I am mentoring decides to listen to my advice instead of just discussing my advice I will pay you to tutor her. You seem like a smart, good and well put together person that she can probably learn well from.
babycat
11:37
Aw that’s so sweet Bulbasaur <3
11:39
@m10: stretching absolutely helps with tight tendons lol
11:39
now kiss
m10
11:40
@EvolBunny: Indeed! I am just riffing. Practicing for when I get into Chicago and do standup there on the weekends and get mad pussy.
11:40
You only do cardio on the weekends ;)
babycat
11:40
@m10: I have a friend that does this but he doesn’t get mad pussy
m10
11:40
I'll work that in! Sounds like a good way to segway.
m10
11:41
@babycat: yeah, well unlike 99.99% of people who do standup I will.
BulbasaurNoLikeCardio
11:41
To do stand up comedy you have to have fat balls, that is awesome
m10
11:41
Woah, I got little balls. Like Adam Friedland. I ain't no Stavros.
what are we hoping for today?
m10
11:44
Nothing. No news is good news for me.
11:44
Crickets coming from my status update
babycat
11:45
dk are we gonna go to a homoerotic law school together?
11:45
@m10: at undergrad froshers: https://www.youtube.com/watch?v=6YEarMyIAzs
m10
11:46
@EvolBunny: God damn, classic Randy.
babycat
11:48
Going to law school with you is even more fun than going to San Sebastian, Irún, Hendaye, Biarritz, Bayonne or being sick to my stomach on the Travesera de Gracia in Barcelona partly because in your orange shirt you look like a better happier St. Sebastian partly because of my love for you, partly because of your love for yoghurt partly because of the fluorescent orange tulips around the birches partly because of the secrecy our smiles take on before people and statuary
m10
11:49
Man, there is this girl I visit every month at this one restaurant who I used to go skinny dipping with naked like @ararara always talked about in San Diego. We randomly reconnected like two months ago at this place she works at and we talk a lot about John Steinbeck books. If I don't visit her this month, she might be sad. However, this is my first day not sick and I worry about getting her sick and I am broke. What should I do LSD?
m10
11:49
Thanks @babycat that means a lot!
m10
11:50
Glad we can both be content at Scalia law. One of my favorites.
you can ask her if she wants to risk getting sick
11:50
hi lsd
m10
11:50
I dont have her number or any social media. This is one of those regular kinda things in restaurant and bar culture.
11:50
berk td is unlikely so BERK MONDAY :eyes:
hi eggan :)
babycat
11:52
@m10: I’m not going to DC this isn’t going to work out
11:55
hello all
LSD+ is ad-free, with DMs, discounts, case briefs & more.