- A right of subrogation existing independently of custom or statute and not dependent upon contract, assignment, privity, or strict suretyship, occurring as the legal consequence of the acts and relationship of the parties. 50 Am J1st Subro § 5. See subrogation.
Ballentine's law dictionary. Anderson, W.S.. 1998.
Look at other dictionaries:
legal subrogation — A right arising by operation of law. Federal Land Bank of Baltimore v. Joynes, 179 Va. 394, 18 S.E.2d 917, 920. Where one having liability, right, or fiduciary relation pays another s debt under circumstances equitably entitling former to rights … Black's law dictionary
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 — 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
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
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΄rō gā′shən, sub΄rəgā′shən] n. 〚ME subrogacioun < ML subrogatio < L subrogatus〛 a subrogating; esp., the substitution of one creditor for another, along with a transference of the claims and rights of the old creditor * * * sub·ro·ga·tion… … Universalium
subrogation — The legal right that a person or corporation has when he pays someone s debt to recover that money from the debtor. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 … Glossary of Bankruptcy
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 — noun Date: 15th century the act of subrogating; specifically the assumption by a third party (as a second creditor or an insurance company) of another s legal right to collect a debt or damages … New Collegiate 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