1:18 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:

Bodily Injury, noun: (1) any damage to a person’s physical condition including pain or illness. Lawsuit loan example: to evaluation a lawsuit for a lawsuit loan, the pre settlement funding company needs to know of any bodily injuries that the plaintiff received from the accident. See pre settlement funding, lawsuit funding, medical damages, disability, lawsuit loan and lawsuit cash advance.

Borrow, verb: (1) to receive something of value with the promise of giving something of (usually greater) value at some point in the future, such as receiving cash for a lawsuit with the promise of paying it back in the future with interest. Lawsuit loan example: a plaintiff can borrow money against a lawsuit by obtaining a lawsuit loan or lawsuit cash advance. See lawsuit cash advance, lawsuit funding, interest, pre settlement funding and lawsuit loan.

Broker, noun: (1) individual in the business of assisting in arranging funding or negotiating contracts for a client but who does not loan the money himself/herself. Brokers charge a fee or receive a commission for their services, usually from the cash proceeds that the borrower is going to receive from the loan. Lawsuit loan example: before selecting a lawsuit loan company, it is important to verify that the company makes the lawsuit loan itself and is not a broker who will charge you a broker fee from the cash of the funding. See lawsuit loan, lawsuit cash advance, broker fee, pre settlement funding and lawsuit funding.

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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