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LEGAL TERMS - Structured Settlement Broker Information
Legal Terms - Structured Settlement Broker Information
Structured Settlement Broker Information: A structured settlement broker is a financial professional well versed in the arranging a settlement through periodic payments from one party to the other, to be made over an extended period of time, rather than in one lump sum payment. The periodic settlement payments are secured through the purchase of an annuity, or some other financial instrument, that will pay out the amounts. Since Structured Settlements can be arranged in a wide variety of ways, creative solutions to difficult matters can often be made using this tool. In fact, the parties may perceive that all sides will benefit with resort to a structure. The structured settlement broker's fee for the service provided is often a negotiable item.
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