Green cards and visas are both government-issued documents for immigrants, but they bestow very different rights and privileges in the US. The critical difference is that a green card allows the holder to remain and work in the US indefinitely, while the visa is reserved for a temporary stay. Call Toll FREE: 1-800-788-0450 Home
Equitable Subrogation. DEFINITION of 'Equitable Subrogation'. A legal doctrine that allows a party that has made payments on behalf of another party to lay claim to the recovery of damages or funds from a third-party. Equitable subrogation is a legal concept that allows one party to replace another party when it comes to a legal right.
Waiver of Subrogation. You may be asked for a waiver of subrogation in a contract. Definition of a waiver of subrogation: To waive the right of the claimant to pursue a claim against the. responsible party. Purpose of a waiver of subrogation: An insurance company has the right to subrogate (or take legal. action against) the third party responsible for the loss paid to the insured.