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English definition of “viatical”

viatical

adjective
 
 
/vaɪˈætɪkəl/ INSURANCE
relating to the sale of life insurance policies sold by a dying person to someone else at a price lower than the value of the policy: The viatical investor paid $80,000 for the $100,000 life insurance policy.
(Definition of viatical from the Cambridge Business English Dictionary © Cambridge University Press)
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