Structured Settlements
A structured settlement is a voluntary agreement between a plaintiff and a defendant under which the injured victim, the plaintiff, receives damages in the form of a stream of periodic payments from the defendant.
The plaintiff is provided with payment stability from a steady, low-risk source of money which is less prone to the risk of mismanagement or depletion. The defendant is provided a means of expediting the settlement process, that can help reduce litigation costs and immediate costs.