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viatical

[vahy-at-i-kuh l, vee‐] /vaɪˈæt ɪ kəl, vi‐/
adjective
1.
of or pertaining to a viaticum.
2.
of or pertaining to a financial transaction in which a company buys life insurance policies from the terminally ill at less than their face value and may sell the policies to investors:
viatical settlements.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for viatical
  • viatical settlements involve the purchase of life their investment.
  • Explains when viatical settlement apply to pay for long-term care.
  • High commissions entice independent insurance agents to sell viatical settlements.
  • viatical settlement companies will want to have control over the fraudulently procured policy.
  • Next, it is important to distinguish a tontine from a viatical settlement.
  • viatical settlements or life settlements involve an interest in someone's insurance policy.
British Dictionary definitions for viatical

viatical

/vaɪˈætɪkəl/
adjective
1.
of or denoting a road or a journey
2.
(botany) (of a plant) growing by the side of a road
Word Origin
C19: from Latin viāticus belonging to a journey + -al1
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word Origin and History for viatical
adj.

1847, from Latin viaticus, from via "way" (see via) + -al (1).

Online Etymology Dictionary, © 2010 Douglas Harper
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