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| vi·at·i·cal set·tle·ment [ vī àttik'l sétt'lmənt ] (plural vi·at·i·cal set·tle·ments) |
noun |
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| Definition: |
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surrender of insurance for cash: a provision in a life insurance policy that allows an insured person with a life-threatening illness to redeem the policy for an amount close to its face value
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| [< Latin viaticus (see voyage)] |
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