08:42 Oct 24, 2011 |
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Bulgarian to English translations [PRO] Bus/Financial - Law (general) | |||||||
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Summary of answers provided | ||||
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4 +1 | Lawsuit loans |
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5 | litigation loan/financing/funding |
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4 | legal loan |
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Discussion entries: 1 | |
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legal loan Explanation: .... |
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Lawsuit loans Explanation: proposal |
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litigation loan/financing/funding Explanation: Litigation loans differ from a regular financial loan. They are seen as an investment, or an advance offered to an individual who needs that help at that time. The way a litigation loan works is slightly complex. The loan company will take on part of the client’s risk – they will receive a percentage of the winnings made by the individual from the final settlement, but if the return made by the individual doesn’t cover the loan then the company too will suffer a loss. Reference: http://www.contactlaw.co.uk/litigation-loans.html |
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