Third-party litigation fund

{
  "id": "MLC-T-INS-003325",
  "term": "Third-party litigation fund",
  "field": "Insurance and risk management",
  "definition": "A financial entity or investment vehicle that provides capital to plaintiffs or law firms to cover the costs of litigation in exchange for a share of any eventual recovery. These funds operate independently of the parties involved in the legal dispute. They assume the risk of the litigation in return for a potentially high return on investment if the case is successful.",
  "url": "https://mlchart.com/terminology/insurance/third-party-litigation-fund/"
}