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.
Jump To Navigation. Subrogation is 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.1.0 Legal subrogation is not available until the subrogor is fully compensated. 11 Conventional subrogation does not require full compensation of the subrogor. 12. There are two kinds of subrogation, conventional and legal. 6 Conventional subrogation is created by contract while legal subrogation is implied by law.