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What is Structured Settlement?
By admin | July 10, 2007
When you experience and injury due to other people’s negligence, you will be entitled to a structured settlement. This is a financial arrangement to settle the obligation of the liable party or the party responsible for your injury. Usually, a structured settlement is paid through periodically. However, there are some financing companies that offer to give you a structured settlement lump sum in exchange for the right to take over your structured settlements.
Getting the lump sum or sometime just a part of the structured settlement is a good source of quick cash. People who are in need of cash to pay unexpected expenses has the option to sell their settlements to a funding company and get the cash they need immediately. With the said characteristics of a structured settlement, it is considered as an asset of the beneficiary.
Topics: Finance |
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