What is a nursing home?
The Bankrate.com financial term of the day is: "nursing home."
A nursing home is, literally, a caring place. It's a licensed facility that provides care for people who are chronically ill or who are unable to care for themselves. A nursing home is sometimes called a long-term care facility, as opposed to a hospital, which is meant for shorter-term care.
A nursing home is a facility for those who are seriously sick or disabled and need looking after.
For help setting yourself up for a comfortable retirement, visit the Retirement section at Bankrate.com.