Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

structured settlement

Read a random definition: entertainment law

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
Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
LSD+ is ad-free, with DMs, discounts, case briefs & more.