Legal
Phrase |
Legal
Description |
| 100% to Trial |
Willingness level of the
defendant in a lawsuit to settle the case before trial
is so low that the lawsuit will almost definitely go
to trial. Lawsuit funding example: if the lawsuit loan
company determines that the willingness level of the
defendant to settle is 100% to trial, the lawsuit loan
company may advance less cash in the lawsuit loan than
if the defendant was willing to settle because of the
risks in going to trial. See lawsuit cash advance, lawsuit
funding, settle at market, pre settlement funding and
lawsuit loan. |
| a.k.a. |
Abbreviation for "also known as"
when someone uses different initials, a nickname, a
maiden or married name. Lawsuit loan example: when a
married woman takes out a lawsuit loan for an accident
that occurred when she was single, the lawsuit loan
contract will say the plaintiff’s married name
a.k.a. the plaintiff’s maiden name. See lawsuit
cash advance, pre settlement funding, aka, lawsuit funding
and lawsuit loan. |
| A.L.F.A. |
American legal finance association
(A.L.F.A.), a trade association of companies that provide
lawsuit loans, lawsuit cash advances, lawsuit funding
and pre settlement funding. Lawsuit loan example: a
plaintiff who wants a lawsuit loan should use a lawsuit
loan company that uses contracts with disclosure approved
by A.L.F.A. See lawsuit cash advance, pre settlement
funding, lawsuit funding and lawsuit loan. |
| A.P.F. |
The annual percentage fee, also known
as the A.P.F., is a measurement used by lawsuit loan
companies that allows you to see the total cost of your
lawsuit loan as a yearly rate, including brokerage fees,
application fees and other upfront fees. The A.P.F.
allows a plaintiff to compare different types of lawsuit
loans based on the annual cost for each lawsuit loan.
Lawsuit loan companies are required by law to show you
a lawsuit loan’s A.P.F., but not all lawsuit loan
companies use the same formula to calculate the A.P.F.
Because of this, an A.P.F. comparison between lawsuit
loan companies can be misleading. Be sure that you’re
comparing similar terms whenever you compare two different
A.P.F. quotes for lawsuit loans. Lawsuit loan example:
a plaintiff should make sure that the annual percentage
fee calculation for a lawsuit loan includes all of the
upfront costs of the lawsuit loan. See pre settlement
funding, lawsuit funding, annual percentage fee, lawsuit
loan and lawsuit cash advance. |
| A.P.R. |
The annual percentage rate, also known
as the A.P.R., is a measurement used by lawsuit loan
companies that allows you to see the total cost of your
lawsuit loan as a yearly rate, including brokerage fees,
application fees and other upfront fees. The A.P.R.
allows a plaintiff to compare different types of lawsuit
loans based on the annual cost for each lawsuit loan.
Lawsuit loan companies are required by law to show you
a lawsuit loan’s A.P.R., but not all lawsuit loan
companies use the same formula to calculate the A.P.R.
Because of this, an A.P.R. comparison between lawsuit
loan companies can be misleading. Be sure that you’re
comparing similar terms whenever you compare two different
A.P.R. quotes for lawsuit loans. Lawsuit loan example:
a plaintiff should make sure that the annual percentage
rate calculation for a lawsuit loan includes all of
the upfront costs of the lawsuit loan. See pre settlement
funding, lawsuit funding, annual percentage rate, lawsuit
loan and lawsuit cash advance. |
| A.P.Y. |
The annual percentage yield, also known
as the A.P.Y., is a measurement used by lawsuit loan
companies that allows you to see the total cost of your
lawsuit loan as a yearly rate, including brokerage fees,
application fees and other upfront fees. The A.P.Y.
allows a plaintiff to compare different types of lawsuit
loans based on the annual cost for each lawsuit loan.
Lawsuit loan companies are required by law to show you
a lawsuit loan’s A.P.Y., but not all lawsuit loan
companies use the same formula to calculate the A.P.Y.
Because of this, an A.P.Y. comparison between lawsuit
loan companies can be misleading. Be sure that you’re
comparing similar terms whenever you compare two different
A.P.Y. quotes for lawsuit loans. Lawsuit loan example:
a plaintiff should make sure that the annual percentage
yield calculation for a lawsuit loan includes all of
the upfront costs of the lawsuit loan. See pre settlement
funding, lawsuit funding, annual percentage yield, lawsuit
loan and lawsuit cash advance. |
| Abstract of Judgment |
A written summary of a judgment which
states how much money the losing party owes to the person
who won the lawsuit (judgment creditor), the rate of
interest to be paid on the judgment amount, court costs,
and any specific orders that the losing party (judgment
debtor) must obey, which abstract is acknowledged and
stamped so that it can be recorded at the county recorder.
The purpose of an abstract of judgment is to create
a public record and create a lien or claim if necessary
on any real estate owned or later acquired by the loser
located in the county in which the abstract of judgment
is recorded. Lawsuit loan example: if a plaintiff receives
a lawsuit loan, the plaintiff’s attorney has an
obligation to report any abstract of judgment to the
lawsuit loan company. See lawsuit cash advance, pre
settlement funding, judgment, lawsuit funding and lawsuit
loan. |
| Abuse of Process |
The use of legal process by illegal,
malicious, or perverted means. Examples include serving
(officially giving) a complaint to someone when it has
not actually been filed, just to intimidate an enemy;
filing a false declaration of service (filing a paper
untruthfully stating a lie that someone has officially
given a notice to another person, filing a lawsuit which
has no basis at law, but is intended to get information,
force payment through fear of legal entanglement or
gain an unfair or illegal advantage. Lawsuit loan example:
a lawsuit loan company will not make a lawsuit loan
to a plaintiff if the plaintiff’s attorney has
committed an abuse of process. See lawsuit cash advance,
pre settlement funding, process, lawsuit funding and
lawsuit loan. |
| Acceleration |
In a contract, when the payment of
an obligation is moved up to the present time due to
some event like non-payment of an installment, violation
of a covenant or sale of the asset which secures the
obligation. Lawsuit loan example: if a plaintiff receives
a lawsuit loan and violates a covenant in the lawsuit
loan contract, there may be an acceleration of the lawsuit
loan contract. See lawsuit cash advance, pre settlement
funding, contract, lawsuit funding and lawsuit loan. |
| Acceptance |
Agreeing verbally or in writing to
the terms of a contract, which is one of the requirements
to show there was a contract (an offer and an acceptance
of that offer). A written offer can be accepted only
in writing. Acceptance is most often used in the factual
determination of whether a contract was entered into.
Lawsuit loan example: for the plaintiff to receive a
lawsuit loan, there has to be an acceptance of the terms
of the lawsuit loan by the plaintiff and the plaintiff’s
attorney, which is demonstrated by signatures by both
parties on the lawsuit loan contract. See lawsuit cash
advance, contract, pre settlement funding, lawsuit funding
and lawsuit loan. |
| Accident Cash |
A transaction between a plaintiff and
a pre settlement funding company where the plaintiff
receives cash today in exchange for paying a higher
amount back in the future when the lawsuit resolves.
Lawsuit loan example: to receive accident cash from
a lawsuit loan company, a plaintiff will need cooperation
from the plaintiff’s attorney. See lawsuit cash
advance, lawsuit funding, plaintiff, accident lawsuit
funding and pre settlement funding. |
| Accident Cash Advance |
A transaction between a plaintiff and
a pre settlement funding company where the plaintiff
receives cash today in exchange for paying a higher
amount back in the future when the lawsuit resolves.
Lawsuit loan example: to receive an accident cash advance
from a lawsuit loan company, a plaintiff will need cooperation
from the plaintiff’s attorney. See lawsuit cash
advance, accident lawsuit funding, lawsuit funding and
pre settlement funding. |
| Accident Finance |
A transaction between a plaintiff and
a pre settlement funding company where the plaintiff
receives cash today in exchange for paying a higher
amount back in the future when the lawsuit resolves.
Lawsuit loan example: to receive accident finance from
a lawsuit loan company, a plaintiff will need cooperation
from the plaintiff’s attorney. See accident lawsuit
funding, lawsuit cash advance, lawsuit funding, plaintiff
and pre settlement funding. |
| Accident Financing |
A transaction between a plaintiff and
a pre settlement funding company where the plaintiff
receives cash today in exchange for paying a higher
amount back in the future when the lawsuit resolves.
Lawsuit loan example: to receive accident financing
from a lawsuit loan company, a plaintiff will need cooperation
from the plaintiff’s attorney. See accident lawsuit
funding, lawsuit cash advance, lawsuit funding and pre
settlement funding. |
| Accident Fund |
A transaction between a plaintiff and
a pre settlement funding company where the plaintiff
receives cash today in exchange for paying a higher
amount back in the future when the lawsuit resolves.
Lawsuit loan example: to receive accident fund from
a lawsuit loan company, a plaintiff will need cooperation
from the plaintiff’s attorney. See accident lawsuit
funding, lawsuit cash advance, lawsuit funding, lawsuit
loan and pre settlement funding. |
| Accident Funding |
A transaction between a plaintiff and
a pre settlement funding company where the plaintiff
receives cash today in exchange for paying a higher
amount back in the future when the lawsuit resolves.
Lawsuit loan example: to receive accident funding from
a lawsuit loan company, a plaintiff will need cooperation
from the plaintiff’s attorney. See accident lawsuit
funding, lawsuit loan, lawsuit cash advance, lawsuit
funding and pre settlement funding. |
| Accident Funds |
A transaction between a plaintiff and
a pre settlement funding company where the plaintiff
receives cash today in exchange for paying a higher
amount back in the future when the lawsuit resolves.
Lawsuit loan example: to receive accident funds from
a lawsuit loan company, a plaintiff will need cooperation
from the plaintiff’s attorney. See accident lawsuit
funding, lawsuit cash advance, lawsuit loan, lawsuit
funding and pre settlement funding. |
| Accident Lawsuit Cash Advance |
A transaction between a plaintiff and
a pre settlement funding company where the plaintiff
receives cash today in exchange for paying a higher
amount back in the future when the lawsuit resolves.
Lawsuit loan example: to receive an accident lawsuit
cash advance from a lawsuit loan company, a plaintiff
will need cooperation from the plaintiff’s attorney.
See lawsuit cash advance, lawsuit funding, accident
lawsuit funding and pre settlement funding. |
| Accident Lawsuit Funding |
A transaction between a plaintiff and
a pre settlement funding company where the plaintiff
receives cash today in exchange for paying a higher
amount back in the future when the lawsuit resolves.
Lawsuit loan example: to receive an accident funding
from a lawsuit loan company, a plaintiff will need cooperation
from the plaintiff’s attorney. See lawsuit cash
advance, pre settlement funding, accident lawsuit cash
advance, lawsuit funding and lawsuit loan. |
| Accident Lawsuit Loan |
A transaction between a plaintiff and
a pre settlement funding company where the plaintiff
receives cash today in exchange for paying a higher
amount back in the future when the lawsuit resolves.
Lawsuit loan example: to receive an accident lawsuit
loan from a lawsuit loan company, a plaintiff will need
cooperation from the plaintiff’s attorney. See
lawsuit loan, lawsuit funding, lawsuit cash advance,
accident lawsuit loan and pre settlement funding. |
| Accident Money |
A transaction between a plaintiff and
a pre settlement funding company where the plaintiff
receives cash today in exchange for paying a higher
amount back in the future when the lawsuit resolves.
Lawsuit loan example: to receive accident money from
a lawsuit loan company, a plaintiff will need cooperation
from the plaintiff’s attorney. See lawsuit loan,
accident lawsuit funding, lawsuit cash advance, lawsuit
funding and pre settlement funding. |
| Accident Pre Settlement Funding |
A transaction between a plaintiff and
a pre settlement funding company where the plaintiff
receives cash today in exchange for paying a higher
amount back in the future when the lawsuit resolves.
Lawsuit loan example: to receive an accident pre settlement
funding from a lawsuit loan company, a plaintiff will
need cooperation from the plaintiff’s attorney.
See pre settlement funding, lawsuit funding, accident
lawsuit cash advance, lawsuit loan, and lawsuit cash
advance. |
| Accident Report |
In a lawsuit, the official report that
describes the accident that occurred and details the
names of the plaintiff and defendant. Lawsuit loan example:
a pre settlement funding company will need to see the
accident report to determine the liability of the defendant
to make a lawsuit loan. For a motor vehicle lawsuit,
the accident report is the police report. See lawsuit
funding, lawsuit loan, police report, incident report,
lawsuit cash advance and pre settlement funding. |
| Accident Settlement Funding |
A transaction between a plaintiff and
a pre settlement funding company where the plaintiff
receives cash today in exchange for paying a higher
amount back in the future when the lawsuit resolves.
Lawsuit loan example: to receive accident settlement
funding from a lawsuit loan company, a plaintiff will
need cooperation from the plaintiff’s attorney.
See accident lawsuit funding, lawsuit cash advance,
lawsuit funding, lawsuit loan and pre settlement funding. |
| Accrue |
Growing or adding to, such as interest
on a loan or investment which continues to accumulate.
Lawsuit loan example: for a lawsuit loan or lawsuit
cash advance, interest may accrue on a daily basis.
See lawsuit cash advance, pre settlement funding, interest,
lawsuit funding and lawsuit loan. |
| Accusation |
In lay terms any claim of wrongdoing
by another person. Lawsuit loan example: if a plaintiff
wants a lawsuit loan, the plaintiff’s attorney
will have to give the lawsuit loan company documents
that describe the plaintiff’s accusations. See
lawsuit cash advance, pre settlement funding, claim,
lawsuit funding and lawsuit loan. |
| Acknowledge (Contract) |
To verify to a notary public or other
officer that the signer executed (wrote, signed) the
document like a contract or power of attorney, to make
it certified as legal and suitable for recording. Lawsuit
loan example: to receive a lawsuit loan, both the plaintiff
and the plaintiff’s attorney will have to acknowledge
the terms of the contract by signing it and having the
contract notarized by a notary public. See lawsuit cash
advance, pre settlement funding, notary public, lawsuit
funding and lawsuit loan. |
| Acknowledge (Liability) |
Generally to admit something, whether
bad, good or indifferent. Lawsuit loan example: if the
plaintiff wants a lawsuit loan, the plaintiff’s
attorney will need to notify the lawsuit loan company
if the defendant has acknowledged liability. See lawsuit
cash advance, pre settlement funding, liability, acknowledgement,
lawsuit funding and lawsuit loan. |
| Acknowledgement |
A declaration or avowal of one’s
act or a fact to give it legal validity. Lawsuit funding
example: for a lawsuit loan or lawsuit cash advance,
the plaintiff’s attorney may have to sign an acknowledgement
at the end of the lawsuit funding contract that states
that the attorney has explained the lawsuit funding
to the plaintiff and has agreed to pay the lawsuit funding
company from the cash proceeds of the lawsuit. See pre
settlement funding, lawsuit funding, acknowledgement
from borrower’s counsel, lawsuit loan and lawsuit
cash advance. |
| Acknowledgement From Borrower’s
Counsel |
For a lawsuit loan, an acknowledgement
at the end of the lawsuit loan contract that states
that the plaintiff’s attorney has explained the
lawsuit loan to the plaintiff and has agreed to pay
the lawsuit loan company from the cash proceeds of the
lawsuit. Any legitimate lawsuit loan company will require
an acknowledgement from borrower’s counsel. See
lawsuit cash advance, pre settlement funding, acknowledgement,
lawsuit funding and lawsuit loan. |
| Acknowledgement From Seller’s
Counsel |
For a lawsuit cash advance, an acknowledgement
at the end of the lawsuit cash advance contract that
states that the plaintiff’s attorney has explained
the lawsuit cash advance to the plaintiff and has agreed
to pay the lawsuit cash advance company from the cash
proceeds of the lawsuit. Any legitimate pre settlement
funding company will require an acknowledgement from
seller’s counsel. See lawsuit cash advance, pre
settlement funding, acknowledgement, lawsuit funding
and lawsuit loan. |
| Act |
For a court to make a decision and
rule on a motion or petition, as in "the court
will act on your motion for a new trial”. Lawsuit
loan example: for a plaintiff to receive a lawsuit loan,
the plaintiff’s attorney will have to inform the
lawsuit loan company if the judge has acted on any of
the litigants’ motions. See lawsuit cash advance,
pre settlement funding, litigant, lawsuit funding and
lawsuit loan. |
| Action |
A lawsuit in which one or more persons
(or parties) sues another including all applicable proceedings,
proceedings on appeal or remand, enforcement, ancillary,
parallel, or alternative dispute resolution proceedings,
and processes arising out of or relating to such case;
© any other proceedings founded on the underlying
facts giving rise to such case in which person is a
party; and (d) any arrangements made with person by
or among any other party to such case which resolves
any of the person’s claims against any such other
party. Lawsuit loan example: a pre settlement funding
company will need to have a lien or rights to the cash
proceeds of the plaintiff’s action to give the
plaintiff cash in a lawsuit loan or lawsuit cash advance.
See pre settlement funding, lawsuit funding, lawsuit,
proceeding, lawsuit loan and lawsuit cash advance. |
| Actionable |
When enough facts or circumstances
exist to meet the legal requirements to file a legitimate
lawsuit. If the facts required to prove a case cannot
be alleged in the complaint, the case is not "actionable"
and the client and his/her attorney should not file
a suit. Lawsuit loan company: for a plaintiff to receive
a lawsuit loan, the plaintiff’s attorney will
have to show the lawsuit loan company that the plaintiff’s
case is actionable and that a legitimate lawsuit can
be filed. See pre settlement funding, lawsuit funding,
lawsuit, suit, lawsuit loan and lawsuit cash advance. |
| Actual Damages |
Damages deemed to compensate the injured
party for losses sustained as a direct result of the
injury suffered. Lawsuit loan example: a pre settlement
funding company will need to know the amount of actual
damages from an accident such as medical expenses and
wage loss to do a lawsuit loan or lawsuit cash advance.
See pre settlement funding, lawsuit funding, damages,
lawsuit loan and lawsuit cash advance. |
| Actual Loss |
Damages deemed to compensate the injured
party for losses sustained as a direct result of the
injury suffered. Lawsuit loan example: a pre settlement
funding company will need to know the amount of actual
losses from an accident such as medical expenses and
wage loss to do a lawsuit loan or lawsuit cash advance.
See pre settlement funding, lawsuit funding, damages,
lawsuit loan and lawsuit cash advance. |
| Actuarial Method |
In calculating the annual percentage
rate (APR) of a loan, the amount financed is increased
by the finance charge earned during each loan period
and is decreased by the total payment (if any) made
at the end of that period. Lawsuit loan example: to
calculate the annual percentage rate (APR) for a lawsuit
loan, a pre settlement funding company will need to
add any interest earned in a monthly period to the balance
of the lawsuit loan when calculating the APR. See lawsuit
cash advance, pre settlement funding, APR, lawsuit funding
and lawsuit loan. |
| Adequate Remedy |
A remedy (money or performance) awarded
by a court or through private action (including compromise)
which affords "complete" satisfaction, and
is "practical, efficient and appropriate"
in the circumstances. Lawsuit loan example: if a plaintiff
receives a lawsuit loan, the plaintiff’s attorney
has an obligation to notify the lawsuit loan company
if the plaintiff will receive an adequate remedy as
a settlement. See lawsuit cash advance, pre settlement
funding, settlement, lawsuit funding and lawsuit loan. |
| Adjuster |
An employee (usually a non-lawyer)
of an insurance company or an adjustment firm employed
by an insurance company to negotiate an early settlement
of a claim for damages against a person. Lawsuit loan
example: for a plaintiff to receive a lawsuit loan,
the lawsuit loan company will have to receive information
on the case from the plaintiff’s attorney and
not an insurance claims adjuster. See lawsuit cash advance,
pre settlement funding, settlement, insurance, lawsuit
funding and lawsuit loan. |
| Admissible Evidence |
Evidence which the trial judge finds
is useful in helping explaining the facts to a judge
or jury, and which cannot be objected to on the basis
that it is irrelevant, immaterial, or violates the rules
against hearsay and other objections. Lawsuit loan example:
if a plaintiff wants a lawsuit loan, the plaintiff’s
attorney will have to give the lawsuit loan company
any information that will ultimately be admissible evidence
for a trial. See pre settlement funding, lawsuit funding,
evidence, lawsuit loan and lawsuit cash advance. |
| Admission |
A statement made by a party to a lawsuit
defendant, usually prior to trial, that certain facts
are true. In personal injury cases, each party is permitted
to submit a written list of alleged facts and request
the other party to admit or deny whether each is true
or correct. Failure to respond in writing is an admission
of the alleged facts and may be used in trial. Lawsuit
loan example: a pre settlement funding company will
ask if there have been any admissions by the defendant
of the lawsuit when evaluating a lawsuit loan. See pre
settlement funding, lawsuit funding, admit, lawsuit
loan and lawsuit cash advance. |
| Admit |
To state something is true in answering
a complaint filed in a lawsuit. The defendant will admit
or deny each allegation in his or her answer filed with
the court. If he or she agrees and states that he/she
did what he/she is accused of, then the allegation need
not be proved in trial. Lawsuit loan example: a pre
settlement funding company will ask if the defendant
has admitted to liability in the lawsuit when evaluating
a lawsuit loan. If the defendant has admitted to liability,
it is a positive fact in evaluating the lawsuit loan
for funding. See lawsuit cash advance, lawsuit funding,
admission, pre settlement funding and lawsuit loan. |
| Admitted Liability |
In a lawsuit, the defendant has admitted
liability in the case or does not dispute its liability
in the case. Lawsuit loan example: a pre settlement
funding company will ask if the defendant has admitted
liability in the lawsuit when evaluating a lawsuit loan.
If the defendant has admitted liability, it is a positive
fact in evaluating the lawsuit loan for funding. See
lawsuit cash advance, pre settlement funding, admit,
lawsuit funding and lawsuit loan. |
| Advance |
A transaction between a plaintiff and
a pre settlement funding company where the plaintiff
receives cash today in exchange for paying a higher
amount back in the future when the lawsuit resolves.
Lawsuit loan example: to receive lawsuit cash advance
from a lawsuit funding company, a plaintiff will need
cooperation from the plaintiff’s attorney. See
lawsuit funding, lawsuit loan, advance cash lawsuit
pending, cash, lawsuit cash advance and pre settlement
funding. |
| Advance Cash In Lawsuit |
A transaction between a plaintiff and
a pre settlement funding company where the plaintiff
receives cash today in exchange for paying a higher
amount back in the future when the lawsuit resolves.
Lawsuit loan example: to receive advance cash in lawsuit
from a lawsuit loan company, a plaintiff will need cooperation
from the plaintiff’s attorney. See lawsuit funding,
lawsuit loan, advance cash lawsuit pending, cash, lawsuit
cash advance and pre settlement funding. |
| Advance Cash Lawsuit Pending |
A transaction between a plaintiff and
a pre settlement funding company where the plaintiff
receives cash today in exchange for paying a higher
amount back in the future when the lawsuit resolves.
Lawsuit loan example: to receive an advance cash lawsuit
pending from a lawsuit loan company, a plaintiff will
need cooperation from the plaintiff’s attorney.
See lawsuit cash advance, lawsuit funding, advance cash
in lawsuit, cash, lawsuit loan, lawsuit cash advance
and pre settlement funding. |
| Advance to Value |
Also known as ATV. The amount of cash
a lawsuit funding company will advance on a lawsuit
compared to the lawsuit funding company’s valuation
of the case. Lawsuit cash advance example: in most circumstances,
the lawsuit funding company will not advance more than
10% of the valuation of the case in a lawsuit cash advance.
For example, if the lawsuit funding company believes
the lawsuit is worth $100,000, the lawsuit funding company
will not advance more than $10,000 of cash to the plaintiff
to keep an advance to value of 10%. See lawsuit cash
advance, lawsuit funding, ATV, pre settlement funding
and lawsuit loan. |
| Advance-to-Value |
Also known as ATV. The amount of cash
a lawsuit funding company will advance on a lawsuit
compared to the lawsuit funding company’s valuation
of the case. Lawsuit cash advance example: in most circumstances,
the lawsuit funding company will not advance more than
10% of the valuation of the case in a lawsuit cash advance.
For example, if the lawsuit funding company believes
the lawsuit is worth $100,000, the lawsuit funding company
will not advance more than $10,000 of cash to the plaintiff
to keep an advance-to-value of 10%. See lawsuit cash
advance, lawsuit funding, ATV, pre settlement funding
and lawsuit loan. |
| Adverse |
Clearly contrary, such as an adverse
party being the one suing you. Lawsuit loan example:
for a plaintiff to receive a lawsuit loan, the plaintiff’s
attorney will have to describe all of the adverse parties
(potential defendants) in the case. See lawsuit cash
advance, pre settlement funding, adverse party, lawsuit
funding and lawsuit loan. |
| Adverse Interest |
A right or concern that is contrary
to the interest or claim of another. Lawsuit loan example:
for a plaintiff to receive a lawsuit loan, the plaintiff’s
attorney will have to describe all of the parties with
adverse interests (potential defendants) in the case.
See lawsuit cash advance, pre settlement funding, adverse
party, lawsuit funding and lawsuit loan. |
| Adverse Party |
The opposite side in a lawsuit. Sometimes
when there are numerous parties and cross-complaints,
parties may be adverse to each other on some issues
and in agreement on other matters. Lawsuit loan example:
for a plaintiff to receive a lawsuit loan, the plaintiff’s
attorney will have to describe all of the adverse parties
(potential defendants) in the case. See lawsuit cash
advance, pre settlement funding, party, lawsuit funding
and lawsuit loan. |
| Affiant |
A person who signs an affidavit and
swears to its truth before a notary public or some person
authorized to take oaths. Lawsuit loan example: a pre
settlement funding company may require the plaintiff’s
attorney to sign a statement as an affiant to verify
in writing certain facts concerning the lawsuit. See
pre settlement funding, lawsuit funding, affidavit,
lawsuit loan and lawsuit cash advance. |
| Affidavit |
Any written document in which the signer
swears under oath before a notary public or someone
authorized to take oaths (like a county clerk), that
the statements in the document are true. Lawsuit loan
example: a pre settlement funding company may require
the plaintiff’s attorney to sign affidavit to
verify in writing certain facts concerning the lawsuit.
See pre settlement funding, lawsuit funding, affiant,
lawsuit loan and lawsuit cash advance. |
| Affirm |
What an appeals court does if it agrees
with and confirms a lower court's decision. Lawsuit
loan example: when a plaintiff receives a lawsuit loan
for an appellate case, the plaintiff’s attorney
will have to inform the lawsuit loan company if the
original judgment is affirmed and there will be no more
chance for future appeals. See pre settlement funding,
lawsuit funding, appellate, lawsuit loan and lawsuit
cash advance. |
| Age Discrimination Lawsuit |
A lawsuit where the plaintiff is claiming
that his/her employer (the defendant) demonstrated bias,
prejudice, favoritism, inequity, bigotry, unfairness
or intolerance toward the plaintiff at his/her place
of work based on the age of the plaintiff. Lawsuit loan
example: a pre settlement funding company will need
the plaintiff to have filed an EEOC complaint prior
to considering an age discrimination lawsuit for a lawsuit
loan. See pre settlement funding, age employment discrimination
lawsuit, lawsuit funding, lawsuit loan and lawsuit cash
advance. |
| Age Discrimination Lawsuit Cash Advance |
Lawsuit cash advance to a plaintiff
for an age discrimination lawsuit. See lawsuit funding,
age discrimination lawsuit, lawsuit cash advance and
pre settlement funding. |
| Age Discrimination Lawsuit Funding |
Lawsuit funding to a plaintiff for
an age discrimination lawsuit. See lawsuit funding,
lawsuit cash advance, age discrimination lawsuit, lawsuit
loan and pre settlement funding. |
| Age Discrimination Lawsuit Loan |
Lawsuit loan to a plaintiff for an
age discrimination lawsuit. See lawsuit funding, lawsuit
loan, age discrimination lawsuit, and pre settlement
funding. |
| Age Discrimination Pre Settlement Funding |
Pre settlement funding to a plaintiff
for an age discrimination lawsuit. See lawsuit cash
advance, age discrimination lawsuit, pre settlement
funding, lawsuit funding and lawsuit loan. |
| Age Employment Discrimination Lawsuit |
A lawsuit where the plaintiff is claiming
that his/her employer (the defendant) demonstrated bias,
prejudice, favoritism, inequity, bigotry, unfairness
or intolerance toward the plaintiff at his/her place
of work based on the age of the plaintiff. Lawsuit loan
example: a pre settlement funding company will need
the plaintiff to have filed an EEOC complaint prior
to considering an age employment discrimination lawsuit
for a lawsuit loan. See pre settlement funding, age
discrimination lawsuit, lawsuit funding, lawsuit loan
and lawsuit cash advance. |
| Age Employment Discrimination Lawsuit
Cash Advance |
Lawsuit cash advance to a plaintiff
for an age employment discrimination lawsuit. See lawsuit
funding, age employment discrimination lawsuit, lawsuit
cash advance and pre settlement funding. |
| Age Employment Discrimination Lawsuit
Funding |
Lawsuit funding to a plaintiff for
an age employment discrimination lawsuit. See lawsuit
funding, lawsuit cash advance, age employment discrimination
lawsuit, lawsuit loan and pre settlement funding. |
| Age Employment Discrimination Lawsuit
Loan |
Lawsuit loan to a plaintiff for an
age employment discrimination lawsuit. See lawsuit funding,
lawsuit loan, age employment discrimination lawsuit,
and pre settlement funding. |
| Age Employment Discrimination Pre Settlement
Funding |
Pre settlement funding to a plaintiff
for an age employment discrimination lawsuit. See lawsuit
cash advance, age employment discrimination lawsuit,
pre settlement funding, lawsuit funding and lawsuit
loan. |
| Agent |
Someone who is authorized by another
person to act in that person’s behalf. Lawsuit
loan example: A lawsuit loan company will not usually
make a lawsuit loan to a person’s agent, and will
only make the lawsuit loan directly to the person if
he/she is legally competent. See lawsuit loan, lawsuit
cash advance, guardian, pre settlement funding and lawsuit
funding. |
| Agreed Statement |
An agreement upon certain facts by
two parties on opposite sides of a lawsuit or on an
appeal from a trial judgment that is documented by a
statement to be used in court for that purpose. Agreed
statements are only used when the only remaining dispute
boils down to a question of law and legal argument and
not of the actual facts. Lawsuit loan example: for a
plaintiff to receive a lawsuit loan, the plaintiff’s
attorney will have to give the lawsuit loan company
copies of any agreed statements. See lawsuit loan, lawsuit
cash advance, judgment, pre settlement funding and lawsuit
funding. |
| Agreement |
Another name for a contract including
all the elements of a legal contract: offer, acceptance,
and consideration (payment or performance), and based
on specific terms. Lawsuit loan example: to receive
a lawsuit loan from a pre settlement funding company,
a plaintiff will have to sign a loan agreement. Lawsuit
cash advance example: to receive a lawsuit cash advance
from a pre settlement funding company, a plaintiff will
have to sign a purchase agreement. See pre settlement
funding, lawsuit funding, contract, lawsuit loan and
lawsuit cash advance. |
| Airplane Common Carrier Lawsuit |
A lawsuit where the plaintiff is claiming
injury in an accident with an airplane. Lawsuit loan
example: a pre settlement funding company may offer
reduced pricing for a lawsuit loan for an accident that
results in an airplane common carrier lawsuit. See pre
settlement funding, lawsuit funding, lawsuit loan and
lawsuit cash advance. |
| Airplane Common Carrier Lawsuit Cash
Advance |
A lawsuit cash advance to a plaintiff
for an airplane common carrier lawsuit. See lawsuit
cash advance, pre settlement funding, lawsuit funding,
airplane common carrier lawsuit and lawsuit loan. |
| Airplane Common Carrier Lawsuit Funding |
A lawsuit funding to a plaintiff for
an airplane common carrier lawsuit. See lawsuit cash
advance, airplane common carrier lawsuit, pre settlement
funding, lawsuit funding and lawsuit loan. |
| Airplane Common Carrier Lawsuit Loan |
A lawsuit loan to a plaintiff for an
airplane common carrier lawsuit. See lawsuit cash advance,
pre settlement funding, airplane common carrier lawsuit,
lawsuit funding and lawsuit loan. |
| Airplane Common Carrier Pre Settlement
Funding |
A pre settlement funding to a plaintiff
for an airplane common carrier lawsuit. See airplane
common carrier lawsuit, lawsuit cash advance, pre settlement
funding, lawsuit funding and lawsuit loan. |
| Airplane Lawsuit |
A lawsuit where the plaintiff is claiming
injury in an accident with an airplane. Lawsuit loan
example: a pre settlement funding company may offer
reduced pricing for a lawsuit loan for an accident that
results in an airplane common carrier lawsuit. See pre
settlement funding, lawsuit funding, lawsuit loan and
lawsuit cash advance. |
| Airplane Lawsuit Cash Advance |
A lawsuit cash advance to a plaintiff
for an airplane common carrier lawsuit. See lawsuit
cash advance, pre settlement funding, lawsuit funding,
airplane common carrier lawsuit and lawsuit loan. |
| Airplane Lawsuit Funding |
A lawsuit funding to a plaintiff for
an airplane common carrier lawsuit. See lawsuit cash
advance, airplane common carrier lawsuit, pre settlement
funding, lawsuit funding and lawsuit loan. |
| Airplane Lawsuit Loan |
A lawsuit loan to a plaintiff for an
airplane common carrier lawsuit. See lawsuit cash advance,
pre settlement funding, airplane common carrier lawsuit,
lawsuit funding and lawsuit loan. |
| Airplane Pre Settlement Funding |
A pre settlement funding to a plaintiff
for an airplane common carrier lawsuit. See airplane
common carrier lawsuit, lawsuit cash advance, pre settlement
funding, lawsuit funding and lawsuit loan. |
| aka |
Abbreviation for "also known as"
when someone uses different initials, a nickname, a
maiden or married name. Lawsuit loan example: when a
married woman takes out a lawsuit loan for an accident
that occurred when she was single, the lawsuit loan
contract will say the plaintiff’s married name
a.k.a. the plaintiff’s maiden name. See lawsuit
cash advance, pre settlement funding, a.k.a., lawsuit
funding and lawsuit loan. |
| Alabama Law |
The laws of the state of Alabama as
they relate to lawsuit funding. Lawsuit funding example:
in the state of Alabama, 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 cash advance, pre settlement
funding, lawsuit funding and lawsuit loan. |
| Alabama Lawsuit Cash Advance |
Lawsuit cash advance to a plaintiff
in the state of Alabama. Lawsuit loan example: most
lawsuit cash advance companies operate nationwide. When
you want to do a lawsuit cash advance, it is not necessary
to find a lawsuit cash advance company in your state
but instead find a lawsuit cash advance company that
has competitive rates published on its website, fast
turnaround, a solid reputation for fairness and friendly
customer service. See Alabama law, lawsuit cash advance,
pre settlement funding, lawsuit funding and lawsuit
loan. |
| Alabama Lawsuit Funding |
Lawsuit funding to a plaintiff in the
state of Alabama. Lawsuit loan example: most lawsuit
funding companies operate nationwide. When you want
to do a lawsuit funding, it is not necessary to find
a lawsuit funding company in your state but instead
find a lawsuit funding company that has competitive
rates published on its website, fast turnaround, a solid
reputation for fairness and friendly customer service.
See lawsuit cash advance, Alabama law, pre settlement
funding, lawsuit funding and lawsuit loan. |
| Alabama Lawsuit Loan |
Lawsuit loan to a plaintiff in the
state of Alabama. Lawsuit loan example: most lawsuit
loan companies operate nationwide. When you want to
do a lawsuit loan, it is not necessary to find a lawsuit
loan company in your state but instead find a lawsuit
loan company that has competitive rates published on
its website, fast turnaround, a solid reputation for
fairness and friendly customer service. See lawsuit
cash advance, pre settlement funding, lawsuit funding,
Alabama law and lawsuit loan. |
| Alabama Pre Settlement Funding |
Pre settlement funding to a plaintiff
in the state of Alabama. Lawsuit loan example: most
pre settlement funding companies operate nationwide.
When you want to do a pre settlement funding, it is
not necessary to find a pre settlement funding company
in your state but instead find a pre settlement funding
company that has competitive rates published on its
website, fast turnaround, a solid reputation for fairness
and friendly customer service. See lawsuit cash advance,
pre settlement funding, Alabama law, lawsuit funding
and lawsuit loan. |
| Alaska Law |
The laws of the state of Alaska as
they relate to lawsuit funding. Lawsuit funding example:
in the state of Alaska, 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 cash advance, Alaska law,
pre settlement funding, lawsuit funding and lawsuit
loan. |
| Alaska Lawsuit Cash Advance |
Lawsuit cash advance to a plaintiff
in the state of Alaska. Lawsuit loan example: most lawsuit
cash advance companies operate nationwide. When you
want to do a lawsuit cash advance, it is not necessary
to find a lawsuit cash advance company in your state
but instead find a lawsuit cash advance company that
has competitive rates published on its website, fast
turnaround, a solid reputation for fairness and friendly
customer service. See Alaska law, lawsuit cash advance,
pre settlement funding, lawsuit funding and lawsuit
loan. |
| Alaska Lawsuit Funding |
Lawsuit funding to a plaintiff in the
state of Alaska. Lawsuit loan example: most lawsuit
funding companies operate nationwide. When you want
to do a lawsuit funding, it is not necessary to find
a lawsuit funding company in your state but instead
find a lawsuit funding company that has competitive
rates published on its website, fast turnaround, a solid
reputation for fairness and friendly customer service.
See lawsuit cash advance, Alaska law, pre settlement
funding, lawsuit funding and lawsuit loan. |
| Alaska Lawsuit Loan |
Lawsuit loan to a plaintiff in the
state of Alaska. Lawsuit loan example: most lawsuit
loan companies operate nationwide. When you want to
do a lawsuit loan, it is not necessary to find a lawsuit
loan company in your state but instead find a lawsuit
loan company that has competitive rates published on
its website, fast turnaround, a solid reputation for
fairness and friendly customer service. See lawsuit
cash advance, pre settlement funding, Alaska law, lawsuit
funding and lawsuit loan. |
| Alaska Pre Settlement Funding |
Pre settlement funding to a plaintiff
in the state of Alaska. Lawsuit loan example: most pre
settlement funding companies operate nationwide. When
you want to do a pre settlement funding, it is not necessary
to find a pre settlement funding company in your state
but instead find a pre settlement funding company that
has competitive rates published on its website, fast
turnaround, a solid reputation for fairness and friendly
customer service. See lawsuit cash advance, pre settlement
funding, lawsuit funding, Alaska law, and lawsuit loan. |
| ALFA |
American legal finance association
(ALFA), a trade association of companies that provide
lawsuit loans, lawsuit cash advances, lawsuit funding
and pre settlement funding. Lawsuit loan example: a
plaintiff who wants a lawsuit loan should use a lawsuit
loan company that uses contracts with disclosure approved
by ALFA. See lawsuit cash advance, pre settlement funding,
American Legal Finance Association, lawsuit funding
and lawsuit loan. |
| Alias |
A name used other than the given name
of a person or reference to that other name, which may
not be an attempt to hide his/her identity. Lawsuit
loan example: a lawsuit loan company cannot make a lawsuit
loan to a person who is known by an alias unless the
lawsuit loan company can verify the identity of the
plaintiff. See lawsuit cash advance, pre settlement
funding, aka, lawsuit funding and lawsuit loan. |
| Allegation |
A statement of claimed fact contained
in a complaint (a written pleading filed to begin a
lawsuit). Until the statement is proved it is only an
allegation. Some allegations are made “on information
and belief” if the person making the statement
is not sure of a fact. Lawsuit loan example: in applying
for a lawsuit loan, the plaintiff’s attorney should
provide the lawsuit loan company with all of the allegations
against the defendant and proof of the defendant’s
liability. See lawsuit cash advance, lawsuit funding,
complaint, pre settlement funding and lawsuit loan. |
| Allege |
To claim a fact is true, commonly in
a complaint which is filed to commence a lawsuit or
in an "affirmative defense" to a complaint.
Lawsuit loan example: if a plaintiff wants to receive
a lawsuit loan, the plaintiff’s attorney needs
to inform the lawsuit loan company of what the plaintiff
will allege in the lawsuit. See lawsuit cash advance,
lawsuit funding, allegation, pre settlement funding
and lawsuit loan. |
| Alternative Dispute Resolution Proceedings |
A method to resolve a lawsuit that
does not require a trial, such as an arbitration proceeding.
Lawsuit loan example: in helping a plaintiff apply for
a lawsuit loan, a plaintiff’s attorney should
provide the lawsuit loan company with information on
any alternative dispute resolution proceedings so that
the lawsuit loan company will know the status of the
case. See lawsuit cash advance, pre settlement funding,
arbitration, lawsuit funding and lawsuit loan. |
| Alternative Pleading |
A legal fiction in which a party to
a lawsuit or a defendant charged with a crime can plead
two ways which are inconsistent with each other. Lawsuit
loan example: if a plaintiff wants a lawsuit loan, the
plaintiff’s attorney will have to inform the lawsuit
loan company of any alternative pleadings that the plaintiff’s
attorney intends to use in arguing the case. See lawsuit
cash advance, pre settlement funding, pleading, lawsuit
funding and lawsuit loan. |
| Ambiguity |
When language has more than one meaning
or is unclear. Lawsuit loan example: to make sure that
there is no ambiguity for the plaintiff concerning the
lawsuit loan, the lawsuit loan company requires the
plaintiff’s attorney to read the lawsuit loan
contract and explain it to the plaintiff. See lawsuit
cash advance, pre settlement funding, contract, lawsuit
funding and lawsuit loan. |
| Amend |
To alter or change by adding, subtracting,
or substituting. One can amend a statute, a contract
or a written pleading filed in a lawsuit. The change
is usually called an amendment. The parties to a contract
can amend it, and a party to a lawsuit can amend his
or her own pleading. A contract can be amended only
by the parties participating in the contract. If the
contract is written, it can be amended only in writing.
Lawsuit loan example: in helping a plaintiff apply for
a lawsuit loan, a plaintiff’s attorney should
provide a revised complaint to the lawsuit loan company
if it has been amended. Another lawsuit loan example:
the plaintiff cannot amend the terms of a lawsuit loan
contract without the written signature of the lawsuit
loan company. See lawsuit cash advance, lawsuit funding,
amended complaint, pre settlement funding and lawsuit
loan. |
| Amended Complaint |
The name for the complaint when the
plaintiff changes the complaint that he/she has filed.
It must be in writing, and can be done before the complaint
is served on any defendant, by agreement between the
parties (usually their lawyers), or upon order of the
court. Complaints are amended to correct facts, add
new causes of action (lawsuit claims) or to properly
plead a cause of action (the legal basis for suing)
after the court has found the complaint inadequate.
Lawsuit loan example: in helping a plaintiff apply for
a lawsuit loan, a plaintiff’s attorney should
provide the amended complaint to the lawsuit loan company.
See lawsuit cash advance, lawsuit funding, amend, pre
settlement funding and lawsuit loan. |
| American Arbitration Association |
Non-profit provider of alternative
dispute resolution services who has developed guidelines
and panels of arbiters for conducting arbitration hearings.
Lawsuit loan example: if a plaintiff receives a lawsuit
loan from a pre settlement funding company, the contract
will likely require the plaintiff to settle any disputes
with the lawsuit loan company by using arbitration rules
established by the American Arbitration Association.
See lawsuit cash advance, pre settlement funding, arbitration,
lawsuit funding and lawsuit loan. |
| American Asset Finance |
Company that provides lawsuit funding
(also known as pre settlement funding) or acts as a
broker to companies that provide lawsuit funding for
plaintiffs through a lawsuit loan or lawsuit cash advance.
Before selecting a lawsuit funding company, it is important
to verify that the company makes the lawsuit funding
itself and is not a broker who will charge you a brokerage
fee from the cash of the funding. When selecting a lawsuit
funding company, you should also make sure the pre settlement
funding company publishes its pricing in a public place
and that they inform you of any upfront fees. You should
compare pre settlement funding companies by the amount
of cash you will receive compared to the amount of cash
you will owe at a particular point in time, as well
as the annual percentage fee or annual percentage rate
of the lawsuit funding. You should never select a lawsuit
loan company based solely on a monthly rate because
the rate does not include the cost of upfront fees.
See pre settlement funding, lawsuit funding, broker,
Fred Coutts, Fredcoutts, lawsuit loan and lawsuit cash
advance. |
| American Legal Finance Association |
American legal finance association
(ALFA), a trade association of companies that provide
lawsuit loans, lawsuit cash advances, lawsuit funding
and pre settlement funding. Lawsuit loan example: a
plaintiff who wants a lawsuit loan should use a lawsuit
loan company that uses contracts with disclosure approved
by ALFA. See lawsuit cash advance, pre settlement funding,
ALFA, lawsuit funding and lawsuit loan. |
| American Legal Funding |
Company that provides lawsuit funding
(also known as pre settlement funding) or acts as a
broker to companies that provide lawsuit funding for
plaintiffs through a lawsuit loan or lawsuit cash advance.
Before selecting a lawsuit funding company, it is important
to verify that the company makes the lawsuit funding
itself and is not a broker who will charge you a brokerage
fee from the cash of the funding. When selecting a lawsuit
funding company, you should also make sure the pre settlement
funding company publishes its pricing in a public place
and that they inform you of any upfront fees. You should
compare pre settlement funding companies by the amount
of cash you will receive compared to the amount of cash
you will owe at a particular point in time, as well
as the annual percentage fee or annual percentage rate
of the lawsuit funding. You should never select a lawsuit
loan company based solely on a monthly rate because
the rate does not include the cost of upfront fees.
See pre settlement funding, Fred Coutts, Fredcoutts,
lawsuit funding, broker, lawsuit loan and lawsuit cash
advance. |
| American Settlement Funds |
Company that provides lawsuit funding
(also known as pre settlement funding) or acts as a
broker to companies that provide lawsuit funding for
plaintiffs through a lawsuit loan or lawsuit cash advance.
Before selecting a lawsuit funding company, it is important
to verify that the company makes the lawsuit funding
itself and is not a broker who will charge you a brokerage
fee from the cash of the funding. When selecting a lawsuit
funding company, you should also make sure the pre settlement
funding company publishes its pricing in a public place
and that they inform you of any upfront fees. You should
compare pre settlement funding companies by the amount
of cash you will receive compared to the amount of cash
you will owe at a particular point in time, as well
as the annual percentage fee or annual percentage rate
of the lawsuit funding. You should never select a lawsuit
loan company based solely on a monthly rate because
the rate does not include the cost of upfront fees.
See pre settlement funding, lawsuit funding, Fred Coutts,
Fredcoutts, broker, lawsuit loan and lawsuit cash advance. |
| Amortization |
A periodic payment plan to pay an obligation
in which the interest and a portion of the principal
are included in each payment by an established mathematical
formula. Most commonly amortization is used for a mortgage
or an automobile loan. Lawsuit loan example: because
the plaintiff only has to pay interest and principal
on the lawsuit loan when the lawsuit resolves, there
is no amortization in a lawsuit loan. See lawsuit cash
advance, pre settlement funding, interest, lawsuit funding
and lawsuit loan. |
| Amount Advanced |
Amount of cash that a plaintiff will
receive from a lawsuit cash advance before the payment
of any upfront fees to the lawsuit funding company.
Lawsuit loan example: in a lawsuit cash advance, if
the amount advanced is $10,000, the amount of cash that
the plaintiff will receive after paying a brokerage
fee ($1,000) and an application fee ($500) could be
$8,500. It is always better for the plaintiff when the
amount advanced of the lawsuit cash advance is equal
to the cash that the plaintiff receives. See lawsuit
cash advance, pre settlement funding, amount financed,
lawsuit funding and lawsuit loan. |
| Amount Financed |
Amount of cash that a plaintiff will
receive from a lawsuit loan before the payment of any
upfront fees to the lawsuit funding company. Lawsuit
loan example: in a lawsuit loan, if the amount financed
is $10,000, the amount of cash that the plaintiff will
receive after paying a brokerage fee ($1,000) and an
application fee ($500) could be $8,500. It is always
better for the plaintiff when the amount financed of
the lawsuit loan is equal to the cash that the plaintiff
receives. See amount of loan, lawsuit funding, lawsuit
loan, amount advanced, lawsuit cash advance and pre
settlement funding. |
| Amount of Loan |
Amount of cash that a plaintiff will
receive from a lawsuit loan before the payment of any
upfront fees to the lawsuit funding company. Lawsuit
loan example: in a lawsuit loan, if the amount of loan
is $10,000, the amount of cash that the plaintiff will
receive after paying a brokerage fee ($1,000) and an
application fee ($500) could be $8,500. It is always
better for the plaintiff when the amount of loan for
the lawsuit loan is equal to the cash that the plaintiff
receives. See lawsuit cash advance, pre settlement funding,
amount of advance, lawsuit funding and lawsuit loan. |
| Amount of Payment |
Amount of money that a plaintiff will
have to pay back to the lawsuit loan company when the
case resolves and there is enough cash to pay back the
lawsuit loan. Lawsuit loan: the amount of payment due
by the plaintiff on the lawsuit loan will include both
principal and interest. See lawsuit cash advance, pre
settlement funding, total payment, lawsuit funding and
lawsuit loan. |
| Ancillary |
Serving as a supplement or an addition.
Lawsuit loan: in helping a plaintiff apply for a lawsuit
loan, a plaintiff’s attorney should provide any
ancillary documents to the lawsuit loan company. See
lawsuit cash advance, pre settlement funding, ancillary
proceedings, lawsuit funding and lawsuit loan. |
| Ancillary Proceedings |
Any additional or supplementary legal
filing, hearing, trial and/or judgment in the ongoing
conduct of a lawsuit. Lawsuit loan: in helping a plaintiff
apply for a lawsuit loan, a plaintiff’s attorney
should inform the lawsuit loan company of any ancillary
proceedings in the case. See lawsuit cash advance, pre
settlement funding, ancillary, lawsuit funding and lawsuit
loan. |
| Annual Percentage Fee |
The annual percentage fee, also known
as the APF, is a measurement used by lawsuit loan companies
that allows you to see the total cost of your lawsuit
loan as a yearly rate, including brokerage fees, application
fees and other upfront fees. The APF allows a plaintiff
to compare different types of lawsuit loans based on
the annual cost for each lawsuit loan. Lawsuit loan
companies are required by law to show you a lawsuit
loan’s APF, but not all lawsuit loan companies
use the same formula to calculate the APF. Because of
this, an APF comparison between lawsuit loan companies
can be misleading. Be sure that you’re comparing
similar terms whenever you compare two different APF
quotes for lawsuit loans. Lawsuit loan example: a plaintiff
should make sure that the annual percentage fee calculation
for a lawsuit loan includes all of the upfront costs
of the lawsuit loan. See pre settlement funding, lawsuit
funding, APF, lawsuit loan and lawsuit cash advance. |
| Annual Percentage Rate |
The annual percentage rate, also known
as the APR, is a measurement used by lawsuit loan companies
that allows you to see the total cost of your lawsuit
loan as a yearly rate, including brokerage fees, application
fees and other upfront fees. The APR allows a plaintiff
to compare different types of lawsuit loans based on
the annual cost for each lawsuit loan. Lawsuit loan
companies are required by law to show you a lawsuit
loan’s APR, but not all lawsuit loan companies
use the same formula to calculate the APR. Because of
this, an APR comparison between lawsuit loan companies
can be misleading. Be sure that you’re comparing
similar terms whenever you compare two different APR
quotes for lawsuit loans. Lawsuit loan example: a plaintiff
should make sure that the annual percentage rate calculation
for a lawsuit loan includes all of the upfront costs
of the lawsuit loan. See pre settlement funding, lawsuit
funding, APR, lawsuit loan and lawsuit cash advance. |
| Annual Percentage Yield |
The annual percentage yield, also known
as the APY, is a measurement used by lawsuit loan companies
that allows you to see the total cost of your lawsuit
loan as a yearly rate, including brokerage fees, application
fees and other upfront fees. The APY allows a plaintiff
to compare different types of lawsuit loans based on
the annual cost for each lawsuit loan. Lawsuit loan
companies are required by law to show you a lawsuit
loan’s APY, but not all lawsuit loan companies
use the same formula to calculate the APY. Because of
this, an APY comparison between lawsuit loan companies
can be misleading. Be sure that you’re comparing
similar terms whenever you compare two different APY
quotes for lawsuit loans. Lawsuit loan example: a plaintiff
should make sure that the annual percentage yield calculation
for a lawsuit loan includes all of the upfront costs
of the lawsuit loan. See pre settlement funding, lawsuit
funding, APY, lawsuit loan and lawsuit cash advance. |
| Annual Return |
The increase in value of an investment
or loan, expressed as a percentage per year. If the
annual return is expressed as annual percentage yield,
then the number takes into account the effects of compounding
interest. If it is expressed as annual percentage rate,
then the annual rate will usually not take into account
the effect of compounding interest. Lawsuit loan example:
a contract for a lawsuit loan should disclose the annual
percentage rate of the lawsuit loan and not the annual
return. See lawsuit cash advance, lawsuit funding, compounding,
pre settlement funding and lawsuit loan. |
| Annually |
Occurring, appearing, made, done, or
acted upon every year or once a year. Lawsuit loan example:
if a plaintiff receives a lawsuit loan, the plaintiff
will not have to pay principal and interest quarterly
on the lawsuit loan, but instead the plaintiff will
pay all interest and principal to the lawsuit loan company
when the lawsuit settles or otherwise resolves. See
lawsuit funding, lawsuit loan, yearly, lawsuit cash
advance and pre settlement funding. |
| Annuities |
An amount payable at regular intervals
(as yearly or quarterly) for a certain period of time.
Lawsuit loan example: a lawsuit loan company typically
does not finance the annuity payments of a structured
settlement if the annuity payments are for several years.
Instead, a pre settlement funding company may provide
a lawsuit loan for a lawsuit that is not settled or
a lawsuit that will pay a lump sum within one year.
See annuity, lawsuit funding, lawsuit loan, lawsuit
cash advance and pre settlement funding. |
| Annuity |
An amount payable at regular intervals
(as yearly or quarterly) for a certain period of time.
Lawsuit loan example: a lawsuit loan company typically
does not finance the annuity payments of a structured
settlement if the annuity payments are for several years.
Instead, a pre settlement funding company may provide
a lawsuit loan for a lawsuit that is not settled or
a lawsuit that will pay a lump sum within one year.
See pre settlement funding, lawsuit funding, lawsuit
loan and lawsuit cash advance. |
| Answer |
A written pleading filed by a defendant
to respond to a complaint in a lawsuit filed and served
upon that defendant. An answer generally responds to
each allegation in the complaint by denying or admitting
it. Sometimes the answer is in the form of a “general
denial,” denying everything. If the complaint
is verified as under penalty of perjury, the answer
must be also. Lawsuit loan example: in helping a plaintiff
apply for a lawsuit loan, a plaintiff’s attorney
should provide the answer from the defendant to the
lawsuit loan company. See lawsuit cash advance, pre
settlement funding, complaint, lawsuit funding and lawsuit
loan. |
| APF |
The annual percentage fee, also known
as the APF, is a measurement used by lawsuit loan companies
that allows you to see the total cost of your lawsuit
loan as a yearly rate, including brokerage fees, application
fees and other upfront fees. The APF allows a plaintiff
to compare different types of lawsuit loans based on
the annual cost for each lawsuit loan. Lawsuit loan
companies are required by law to show you a lawsuit
loan’s APF, but not all lawsuit loan companies
use the same formula to calculate the APF. Because of
this, an APF comparison between lawsuit loan companies
can be misleading. Be sure that you’re comparing
similar terms whenever you compare two different APF
quotes for lawsuit loans. Lawsuit loan example: a plaintiff
should make sure that the annual percentage fee calculation
for a lawsuit loan includes all of the upfront costs
of the lawsuit loan. See pre settlement funding, lawsuit
funding, annual percentage fee, lawsuit loan and lawsuit
cash advance. |
| Appeal |
A proceeding in which a case is brought
before a higher court for review of a lower court's
judgment for the purpose of convincing the higher court
that the lower court's judgment was incorrect. Lawsuit
loan example: in helping a plaintiff apply for a lawsuit
loan on a case with a judgment, a plaintiff’s
attorney should provide any appeals filed by the defendant
to the lawsuit loan company. See lawsuit cash advance,
pre settlement funding, appealed case, lawsuit funding
and lawsuit loan. |
| Appeal Proceedings |
An action, hearing, trial, or application
before a higher court for review of a lower court's
judgment for the purpose of convincing the higher court
that the lower court's judgment was incorrect. Lawsuit
loan example: when a plaintiff receives a lawsuit loan,
the lawsuit loan company has rights to a portion of
any cash proceeds from the original trial and from any
appeal proceedings. See lawsuit loan, lawsuit cash advance,
appeal, lawsuit funding and pre settlement funding. |
