Terminally Ill

Filed Under: ,
Dictionary Says

Definition of 'Terminally Ill'


A person who is sick and is diagnosed with a disease that will take their life. This person is usually told by doctors that they only have several months or years to live. Terminally ill people are generally not eligible to buy health or life insurance because of the high liability this situation presents insurance companies.



Investopedia Says

Investopedia explains 'Terminally Ill'


Terminally ill patients have usually been given treatments that either no longer help or their situation is so severe that no further treatment will help. Persons with life threatening illnesses who make gifts are said to make a distribution from their estate. It is extremely important that terminally ill individuals have a will in place upon their death.

comments powered by Disqus
Hot Definitions
  1. Valuation

    The process of determining the current worth of an asset or company. There are many techniques that can be used to determine value, some are subjective and others are objective.
  2. Tech Street

    A term used in the financial markets and the press to refer to the technology sector. Companies like Intel, Microsoft, Apple and Dell are all considered to be part of Tech Street.
  3. Tech Street

    A term used in the financial markets and the press to refer to the technology sector. Companies like Intel, Microsoft, Apple and Dell are all considered to be part of Tech Street.
  4. Momentum Investing

    An investment strategy that aims to capitalize on the continuance of existing trends in the market. The momentum investor believes that large increases in the price of a security will be followed by additional gains and vice versa for declining values.
  5. Momentum Investing

    An investment strategy that aims to capitalize on the continuance of existing trends in the market. The momentum investor believes that large increases in the price of a security will be followed by additional gains and vice versa for declining values.
  6. IPO ETF

    An exchange-traded fund that focuses on stocks that have recently held an initial public offering (IPO). The underlying indexes tracked by IPO ETFs vary from one fund manager to another, but index IPO ETFs are usually passively managed and contain equities that have recently been offered to the public.
Trading Center