What is structured settlement?

Can anybody tell me what is the meaning of structured settlement?

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When you settle a case with the plaintiff for a huge amount of money and make an agreement to pay the amount in installments rather than in a lumpsum payment, then it is known as structured settlement.


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Check out the given link which will help you to know about structured settlement:
http://en.wikipedia.org/wiki/Structured_settlement”

 


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