subrogation — sub·ro·ga·tion /ˌsə brō gā shən/ n 1: an equitable doctrine holding that when a third party pays a creditor or obligee the third party succeeds to the creditor s rights against the debtor or obligor; also: a doctrine holding that when an… … Law dictionary
conventional — con·ven·tion·al /kən ven chə nəl/ adj 1: based on, settled by, or formed by agreement: contractual compare judicial 2, legal 2c 2: of, like, or r … Law dictionary
subrogation — The substitution of one person in the place of another with reference to a lawful claim or right against a third person. The principle that when one person has been compelled to pay a debt which ought to have been paid by another, he becomes… … Ballentine's law dictionary
conventional — Depending on, or arising from, the mutual agreement of parties; as distinguished from legal, which means created by, or arising from, the act of the law. As to conventional estates conventional interest conventional mortgage conventional… … Black's law dictionary
conventional — Depending on, or arising from, the mutual agreement of parties; as distinguished from legal, which means created by, or arising from, the act of the law. As to conventional estates conventional interest conventional mortgage conventional… … Black's law dictionary
subrogation by contract — See conventional subrogation … Ballentine's law dictionary
subrogation — The substitution of one person in the place of another with reference to a lawful claim, demand or right, so that he who is substituted succeeds to the rights of the other in relation to the debt or claim, and its rights, remedies, or securities … Black's law dictionary
Protection and indemnity insurance — Protection and indemnity insurance, commonly known as P I, is a form of marine insurance provided by a P I Club. A P I Club is a mutual (i.e. co operative) insurance association that provides cover for its members, who will typically be ship… … Wikipedia
Lien — For other uses, see Lien (disambiguation). Property law … Wikipedia
Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… … Wikipedia
