Man has been a wanderer from the time of his orgin. He has a habit of wander from an adverse condition to a place where there is great resources. This phenomenon is still happening today too.
AS a result of this evolutionary nature in the man’s in built behavior, he tries this behavior in the economic field also. As a result various economic systems are done. Now there is latest system of transaction. It is called the Structured Settlement.
A structured settlement is periodic payments, that a claimant accepts to resolve a personal injury tort claim or to compromise a statutory periodic payment obligation such as a workers compensation case. This is a means to make the transaction easier than it is now.
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