champerty

champerty definition - business

champerty

An agreement in which a party (generally, an attorney) agrees to finance a lawsuit in return for entitlement to a proportion of the plaintiff 's recovery.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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