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
Editor of Education
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.