structured settlement factoring transaction
Defined in 1 place of the United States Code.
The term “structured settlement factoring transaction” means a transfer of structured settlement payment rights (including portions of structured settlement payments) made for consideration by means of sale, assignment, pledge, or other form of encumbrance or alienation for consideration.
Source
- 2001–present26 U.S.C. § 5891Internal Revenue Code · Structured settlement factoring transactions · for purposes of this section