Crowdfunding

{
  "id": "MLC-T-INS-001046",
  "term": "Crowdfunding",
  "field": "Insurance and risk management",
  "definition": "A method of raising capital by soliciting small contributions from a large number of individuals, typically through online platforms. While primarily a financing mechanism, it introduces unique risks for both project creators and investors, including fraud, project failure, and regulatory compliance issues. Some insurance products are emerging to address specific risks associated with crowdfunding campaigns.",
  "url": "https://mlchart.com/terminology/insurance/crowdfunding/"
}