Meaning of “viatical” in the English Dictionary

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"viatical" in Business English

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uk /vaɪˈætɪkəl/ us 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)