Subrogation — is the legal technique under the common law by which one party, commonly an insurer (I X) of another party (X), steps into X s shoes, so as to have the benefit of X s rights and remedies against a third party such as a defendant (D). Subrogation… … Wikipedia
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
Subrogation — A term denoting a legal right that is reserved by most insurance carriers. Subrogation is the right for an insurer to pursue a third party that caused an insurance loss to the insured. This is done as a means of recovering the amount of the claim … Investment dictionary
subrogation — The principle that, having paid a claim, an insurer has the right to take over any other methods the policyholder may have for obtaining compensation for the same event. For example, if a neighbour is responsible for breaking a person s window… … Accounting dictionary
subrogation — The principle that, having paid a claim, an insurer has the right to take over any other methods the policyholder may have for obtaining compensation for the same event. For example, if a neighbour is responsible for breaking a person s window… … Big dictionary of business and management
subrogation — /sʌbrəˈgeɪʃən/ (say subruh gayshuhn) noun 1. the act or process of subrogating. 2. Insurance the right of an insurer, following the payment of a claim to the insured, to recover monies from a third party responsible for the loss …
Waiver Of Subrogation — A special type of endorsement on a property casualty insurance policy. The Waiver of Subrogation prohibits the insurer from attempting to seek restitution from a third party who causes any kind of loss to the insured. This type of arrangement is… … Investment dictionary
insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… … Universalium
Lis alibi pendens — The principle of lis alibi pendens (literally, dispute elsewhere pending ) applies both in municipal, public international law, and private international law to address the problem of potentially contradictory judgments. If two courts were to… … Wikipedia
Fraser River Pile & Dredge Ltd. v. Can-Dive Services Ltd. — SCCInfoBox case name=Fraser River Pile Dredge Ltd. v. Can Dive Services Ltd. full case name=Fraser River Pile Dredge Ltd. v. Can Dive Services Ltd. heard date=Argued February 25, 1999 decided date=September 10, 1999 citations= [1999] 3 S.C.R.… … Wikipedia