Woodbridge Structured Funding, LLC

Structured Funding Glossary

Get all the information you need before selling your structured settlement, annuity or lottery payment. See our glossary for all the terms you need to know.
Empower yourself and learn all the information you need to know before you sell your structured settlement, annuity or lottery payment.

Annuitant

An annuitant is a person who is entitled to receive benefits from an annuity.

Annuity

A financial product sold by financial institutions that is designed to accept and grow funds from an individual and then, upon annuitization, pay out a stream of payments to the individual at a later point in time.

Annuity Payment Period

The period of time that the annuity payments are set to last.

Lump Sum Annuity

An annuity designed to make a single payment on a specified future date or a series of lump sum payments on specified future dates.

Lump Sum Payment

A lump sum is a single payment of money, as opposed to a series of payments made over time.

Payee

A person to whom money is paid or is to be paid, especially the person to whom a check is made payable.

Periodic Payments

Payments that are paid or received regularly, typically on a monthly or quarterly basis.

Quote

Giving the estimated cost for a particular job or service.

Settlement Agreement

Settlement is a resolution between disputing parties about a legal case, reached either before or after court action begins.

Structured Settlement

Settlement of claims or lawsuits by means of periodic payments.

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Other Resources

Dive ever deeper with advice, and reports from Woodbridge experts, as well as a full glossary of terms.

Frequently Asked Questions
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Expert Advice
Expert Advice Learn More >
What is a Structured Settlement Whitepaper?
What is a Structured Settlement Whitepaper? Learn More >