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.
Subrogation is the act of one party claiming the legal rights of another that it has reimbursed for losses. Subrogation occurs in property/casualty insurance when a company pays one of its insuredâs for damages, then makes its own claim against others who may have caused the loss, insured the loss, or contributed to it. For Example: Suppose another driver runs a red light and your car is totaled.