Free Legal Funding Dictionary for Lawsuit Cash Advance Industry

21 January 2006

Legalfundingdictionary.com has published a new legal funding dictionary to help consumers better understand the technical aspects of pre settlement funding at http://www.legalfundingdictionary.com/. In a lawsuit cash advance, 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, Legalfundingdictionary.com has developed a free legal funding dictionary as a service to the consumer. A plaintiff may access the legal funding dictionary at the following link:

http://www.legalfundingdictionary.com/

Here are some sample terms from the legal funding 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.

cash advance, noun: (1) transaction between a plaintiff and a pre settlement funding where the plaintiff receives cash today in exchange for selling a portion of his/her rights to the future cash proceeds of a lawsuit to the pre settlement funding. Lawsuit loan example: to receive a cash advance from a lawsuit loan company, a plaintiff will need cooperation from the plaintiff s attorney. See lawsuit funding, lawsuit loan, rights, lawsuit cash advance and pre settlement funding.

circumstantial evidence, noun: (1) evidence in a trial which is not directly from an eyewitness or participant and requires some reasoning to prove a fact. There is a public perception that such evidence is weak ("all they have is circumstantial evidence"), but the probable conclusion from the circumstances may be so strong that there can be little doubt as to a "preponderance of the evidence". Lawsuit loan example: to receive a lawsuit loan, the plaintiff s attorney will have to provide the lawsuit loan company with any circumstantial evidence that shows the defendant is responsible and that there are significant damages. See lawsuit loan, lawsuit funding, evidence, lawsuit cash advance and pre settlement funding.

compound interest, noun: (1) interest which is calculated not only on the initial principal but also on the accumulated but unpaid interest of prior periods (interest on interest). Lawsuit loan example: because many lawsuit loans have compound interest that is calculated monthly, it is important that the plaintiff know the annual percentage fee of a lawsuit loan and how much cash is owed by the plaintiff on the lawsuit loan at different points of time when comparing offers from lawsuit loan companies. See pre settlement funding, compound, lawsuit funding, lawsuit loan and lawsuit cash advance.

Legalfundingdictionary.com publishes a free legal funding dictionary at http://www.legalfundingdictionary.com/.

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Source: prleap

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