Structured settlements are lawsuit settlements involving specific payments made over a period of time. Insurance companies often buy life insurance products to pay the costs of such structured settlements. Structured settlements more often than not offer only small monthly payments. As such, many structured settlement firms try to purchase these lucrative contracts at pennies on the dollar. The structured settlement is then sold for an immediate lump sum.
What is a Judgment?
A judgment or judgement (see spelling note below), in a legal context, is synonymous with the formal decision made by a court following a lawsuit. At the same time the court may also make a range of court orders, such as imposing a sentence upon a guilty defendant in a criminal matter, or providing a remedy for the plaintiff in a civil matter. . . *(More – Click Here)
What is a Settlement?
In law there are two main meanings of the word settlement. The first, and most common meaning, refers to when the parties to a dispute (both disputes that are being litigated before the courts, and disputes where court action has not been started) reach an agreement as to the case, which is said to ‘settle’ the claim. . . *(More – Click Here)
*Definitions provided by Wikipedia, the free encyclopedia.
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