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.
This embodies the concept and reasoning behind insurance subrogation. Understanding Subrogation Rights and Interests. If you have been injured in an accident that has resulted in damages, at some point you will undoubtedly hear the term subrogation. Literally, subrogation means one person or party stands in the place of another.