Structured Settlement Agreement
Settlement paid out in installments over time.
Detailed Explanation
A Structured Settlement Agreement is a legal arrangement where a claimant agrees to resolve a personal injury or liability claim by receiving part or all of a settlement in the form of periodic payments on an agreed schedule, rather than a single lump sum. This is often funded through an annuity. Structured settlements are frequently used in cases involving severe injury to provide long-term financial security and tax benefits to the recipient.