Meaning & use
Viator
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A traveler, especially one journeying toward a specific destination; in insurance and finance, a person who sells their life insurance policy for a lump sum while still living, often because they are terminally ill.
See it in a sentence
In medieval Latin texts, a viator was simply anyone on a pilgrimage or journey.
As the viator in the settlement, she received a portion of her policy's value immediately in cash.
A note on using this word
From Latin 'via,' meaning 'road' or 'way.' Its modern financial sense appears in the term 'viatical settlement.'
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