HSC STD - 12 Science Pachhi Shu Karvu Teni Mahiti AApti Booklet - 2020.
A Structured Settlement is a Type of Annuity That Pay s civil Action Reward By Dividing Payments Over a Long Period. A Structured Settlement Often Offers a Better Money Guarantee Than a One off Payment. In the Case of Financial Problems or major Events inn life , However, Structured Payments Can be Settled n a Lump Sump Basis.
Despite all Legal Language , Structured Settlement Are Simple . Many Lawsuits Ensure that Someone or a Company Pays Money for Another Person to correct an Error. Claimants Can Accept the settlement Themselves or they canbe forced to pay the money if they lose the case in court.
If the Settlement is Small Enough, the Imjured party can get the Chance to obtain a global agreement. Hoever, a Structured Settlement Pension can be Agreed upon for Larger Agreements.
In This Case the Debtor Deposits the Money into an Annuity a Financial Product that Guarantees Regular payments from an Insurance Company.
The Structured Settlement Settlement States the NUmber of Payments received by the injured party as compensation for the damage suffered. Structuring money foa a longger period offers a better future for financial security because only one payment can be spent quickly.
Structured settle,ments became popular in the 1980 after the United States Cngress Adopted the Regular paymnet law. accordng to the National Union of Structured Arrangements about $ 6 Billion of Ne Structured Settlements Are Spent Annually.
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