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What is The Periodic Payment Settlement Act? The Periodic Payment Settlement Act, signed into law in 1983, gives people receiving court settlements the ability to receive those settlements in a stream of payments which can extend over many years.
A periodic payment settlement or structured settlement is a method of resolving a personal injury claim that involves a series of future payments made ing to a benefit plan designed to support your needs, wishes and dreams.
A periodic payment plan is a claim settlement arrangement to compensate for personal injury. Such an arrangement may include an initial up-front cash payment plus a schedule of future benefits designed to meet future financial needs or objectives.
A settlement period is a duration in which the securities are handed over to the new owner, and the transaction is fully completed. In the security market, a settlement period is a duration between the trade date, week, month, and year when the trade is performed and the settlement date when the trade is final.
Periodic payments are amounts paid at regular intervals (such as weekly, monthly, or yearly) for a period of greater than one year.
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