Daily Almanac for
May 27, 2012
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Dictionary


set'tlement op"tion



Insurance.
any of the options, other than immediate payment in a lump sum, by which the policyholder or beneficiary may choose to have the benefits of a policy paid.

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

settlementsettlement worker
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