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 right of an insurer to pursue the party that caused an insurance loss to the insured in an attempt to recover funds paid in the claim. Subrogation is the right of an insurer to pursue the party that caused an insurance loss to the insured in an attempt to recover funds paid in the claim.