Another big time word is "structured settlement" - with the top two Overture bides at $100. Funny, I don't even know what a structured settlement is. My guess from some quick surfing is that it has to do with financially managing lawsuit settlements. Here we go - from the commerce-database:
Structured Settlement definition – a structured settlement describes a one time payment in lieu of receiving monthly or annual recurring payments. A structured settlement can apply to insurance policies, annuities, legal settlements, retirement plans or lottery winnings. Many people prefer to receive a one time lump sum payment to enable them to have more flexibility in deciding how to use the funds. Also known as a lump sum distribution..
In some cases, companies will buy your settlement payments by giving you a discounted lump sum. It is similar to the lottery. Ahh, I see - the operative quote is "Get tomorrow's money today". I get it. The people paying for these ads are the people buying cash streams. The forum at searchenginewatch has an interesting thread on this. Apparently, referrals to the companies that actually buy the settlement payments generate $3500-5000. I'm surprised there isn't a directory listing how much people will pay for what. I suppose it is kind of hard to quantify - but maybe not. Isn't it just a cash stream like any other cash stream? Calculate NPV and pay a discounted rate?
Posted by torque at September 17, 2004 11:08 AM | TrackBackTim, your definition of structured settlements is incorrect. The term is officially defined in the Internal Revenue Code Section 5891, but you may wish to check out our website www.4structures.com as a resource or feel free to email me with any questions.
J.D.
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