1:26 p.m. - 2006-03-07
Lawsuit Loan Dictionary/Definitions
Beacon Legal Finance has expanded our first of its kind lawsuit loan dictionary to help consumers better understand the technical aspects of lawsuit loans. In a lawsuit loan, a plaintiff receives a cash advance in exchange for paying a portion of the future cash proceeds of the plaintiff’s legal settlement. To understand this new type of consumer finance, plaintiffs need to be familiar with the terminology in both the legal and financial fields, but until now have been unable to find a single dictionary on the Internet that explained concepts and terms for both the law and finance. To make the growing litigation finance market more transparent, Beacon Legal Finance has developed and updated a free lawsuit loan dictionary as a service to the consumer. A plaintiff may access the lawsuit loan dictionary at the following link: http://www.legalfundingdictionary.com/

Here is a sample of the new terms added to the lawsuit loan dictionary:

Kangaroo Court, noun (1) court that has no legal authority and that disregards all the rights normally afforded to persons so that its conclusions are not legally binding. Lawsuit loan example: a lawsuit loan company will not take into account decisions made in a kangaroo court. See pre settlement funding, lawsuit funding, judiciary, lawsuit loan and lawsuit cash advance.

Kentucky Law, noun (1) laws of the state of Kentucky as they relate to pre settlement funding. Lawsuit funding example: in the state of Kentucky, pre settlement funding companies may fund a lawsuit cash advance for most lawsuits and will likely fund a lawsuit cash advance for a worker comp lawsuit. See lawsuit loan, lawsuit cash advance, lawsuit funding and pre settlement funding.

Kind, adjective: (1) of the same or similar type or quality. Lawsuit loan example: If the settlement of the lawsuit does not include enough cash to pay back the lawsuit loan company, the lawsuit loan company can decide to accept payment in kind from the non-cash settlement proceeds. See pre settlement funding, lawsuit funding, in kind, lawsuit loan and lawsuit cash advance.

Beacon Legal Finance is a leader in the litigation finance industry. Beacon Legal Finance is an affiliate of Lawsuit Cash Advance and is found at www.beaconlegal.com. For questions about pre-settlement funding (also known as a lawsuit loan, lawsuit funding or lawsuit cash advance), call toll free 1-800-781-0777.

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