What is the meaning of the legal term "structured settlement"?
A) a settlement in the form of tax-free apportioned annuity payments
B) a form of victim compensation paid from a taxpayer-funded program
C) a monetary settlement awarded by a court as compensation for injury or loss
D) a settlement encompassing amounts awarded for differing damage entitlements

Question

Quizplus · Accepted Answer

A structured settlement is a form of settlement where the compensation is paid in the form of periodic tax-free payments instead of a lump sum. This arrangement helps ensure that the plaintiff has a reliable source of income and can manage their finances better in the long term.

What Is the Meaning of the Legal Term "Structured Settlement