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EPR Archived News |
First of its kind free legal funding dictionaryReleased on = October 12, 2005, 7:30 pm Press Release Author = James Pomposelli of Beacon Legal Finance Industry = Financial Press Release Summary = Beacon Legal Finance has published a first of its kind legal funding dictionary to help consumers better understand the technical aspects of pre settlement funding. Press Release Body = Beacon Legal Finance has published a first of its kind legal
funding dictionary to help consumers better understand the technical aspects of pre
settlement funding. In pre settlement funding, 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 http://www.beaconlegal.com/dictionary_search.asp Here are some sample terms from the legal funding dictionary: lawsuit, noun: (1) action brought in a court for the purpose of seeking relief from
or remedy for an alleged wrong. Also known as a “suit”. Lawsuit funding example: a
plaintiff can receive cash upfront from a pre settlement funding company in exchange
for selling a portion of the future cash proceeds of a lawsuit. See pre settlement
funding, lawsuit funding, suit, lawsuit loan and lawsuit cash advance. loan, noun: (1) arrangement in which a lender gives money or property to a borrower and the borrower agrees to return the property or repay the money, usually along with interest, at some future point(s) in time. Usually, there is a predetermined time for repaying a loan, and generally the lender has to bear the risk that the borrower may not repay a loan. Lawsuit loan example: a plaintiff with a lawsuit may take out a loan where the plaintiff will receive cash upfront in exchange for granting a lien on the future cash proceeds of a lawsuit which will be used to pay principal and interest on the loan. See pre settlement funding, lawsuit funding, lawsuit loan, lend and lawsuit cash advance. Beacon Legal Finance is a leader in the litigation finance industry. Beacon Legal
Finance 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
888-723-2266. Web Site = http://www.beaconlegal.com Contact Details = Contact: James Pomposelli
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