follow Dictionary.com

Today's Word of the Day means...

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.
Cite This Source
Examples 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
Cite This Source

Word of The Day

Difficulty index for viatical

Few English speakers likely know this word

Word Value for viatical

13
16
Scrabble Words With Friends