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living will definition - finance
A document that lets the creator state his or her preferences about what type of medical treatment should be given in the event that he or she becomes terminally ill or severely injured and is unable to declare his or her intentions. A living will dictates whether the person is to be fed intravenously or to be put on a respirator, among other health-care directives.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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