Champerty

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Updated: Aug 20, 2021

This occurs when a person pays for a court action in which he is not sufficiently personally involved in return for a share of any damages received. It is illegal and any contract concerning champerty is also illegal.

Reference: The Penguin Business Dictionary, 3rd edt.



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James Knight
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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.