A structured settlement Companies is a negotiated arrangement for financing or insurance whereby an applicant agrees to resolve a civil liability claim by receiving a portion of the settlement in the form of periodic payments on an agreed schedule rather than as a lump sum. In the negotiations, a formal settlement may be proposed by the defendant or requested by the plaintiff. In the end, both parties must agree on the terms of settlement
Structured institutions are part of the legal liability law of several common law countries, including Australia, Canada, England and the United States. Structured institutions may also include income taxes and spending requirements. Often the periodic payment will be financed by the purchase of one or more annuities, which generate the future payments. Structured settlement payments are sometimes referred to as periodic payments and, when incorporated into a trial judgment, can be called a "structured judgment"