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LSDefine

Simple English definitions for legal terms

Subrogation

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A quick definition of Subrogation:

Subrogation: When one person or company takes over the legal rights of another person or company. This can happen when someone owes money to one creditor, but another creditor pays off the debt and takes over the right to collect the money. It can also happen when an insurance company pays for someone's injury and takes over their right to sue the person who caused the injury.

A more thorough explanation:

Subrogation is a legal term that means one party takes on the rights of another party. This can happen when one creditor replaces another creditor or when one party takes over another's right to sue.

For example, when an insurance company pays a policyholder for an injury, the policyholder's right to sue the person who caused the injury is transferred to the insurance company. This is called subrogation. Another example is when a bank takes over a mortgage from another bank. The new bank becomes the creditor and the old bank's rights are transferred to the new bank.

Subrogation is important because it allows parties to transfer legal rights and obligations. It can also help ensure that the party who is ultimately responsible for a debt or injury is the one who pays for it.

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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
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