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 — Sub ro*ga tion, n. [Cf. F. subrogation, LL. subrogatio.] The act of subrogating. Specifically: (Law) The substitution of one person in the place of another as a creditor, the new creditor succeeding to the rights of the former; the mode by which… … The Collaborative International Dictionary of English
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 — /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 …
subrogation of insurer — The right of an insurer on payment of a loss to be subrogated pro tanto to any right of action which the insured may have had against any third person whose wrongful act or neglect caused the loss insured against by the insurer. 29A Am J Rev ed… … Ballentine's law dictionary
Terrorism Risk Insurance Act — The Terrorism Risk Insurance Act (TRIA) is a United States federal law signed into law by President George W. Bush on November 26, 2002. The Act created a federal backstop for insurance claims related to acts of terrorism. The Act is intended as… … Wikipedia
Marine Insurance Act 1906 — The Marine Insurance Act 1906 is a UK Act of Parliament regulating marine insurance. The Act was drafted by Sir Mackenzie Dalzell Chalmers, who had earlier drafted the Sale of Goods Act 1893. The Marine Insurance Act 1906 is of huge significance … Wikipedia
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
Forensic electrical engineering — is a branch of forensic engineering, and is concerned with investigating electrical failures and accidents in a legal context. Many forensic electrical engineering investigations apply to fires suspected to be caused by electrical failures.… … Wikipedia
abrogation — I noun abolishment, abolition, annihilation, annulment, canceling, cancellation, countermand, counterorder, defeasance, dissolution, invalidation, nullification, overriding, overruling, recall, recantation, renege, repeal, repudiation, rescission … Law dictionary
replacement — re·place·ment n 1 a: the act of replacing: the state of being replaced b: an insurer s option under a policy to replace or repair damaged property rather than pay the insured for the loss 2: something that replaces; specif: a new fixed asset or… … Law dictionary