subrogation suretyship

subrogation suretyship
cautionnement subrogatoire (GLOSS, 2e)

English-French insurance dictionary. 2013.

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  • SURETYSHIP — (Heb. עַרְבוּת), one person s undertaking to fulfill the obligation of another toward a third person (called the arev, ḥayyav, and nosheh, respectively). In Jewish law fulfillment of an obligation is secured primarily through the assets of the… …   Encyclopedia of Judaism

  • subrogation — 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 …   Black's law dictionary

  • guaranty and suretyship — ▪ law       in law, assumption of liability for the obligations of another. In modern usage the term guaranty has largely superseded suretyship.       Legal historians identify suretyship with situations that are quite outside the modern… …   Universalium

  • legal subrogation — A right of subrogation existing independently of custom or statute and not dependent upon contract, assignment, privity, or strict suretyship, occurring as the legal consequence of the acts and relationship of the parties. 50 Am J1st Subro § 5.… …   Ballentine's law dictionary

  • insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… …   Universalium

  • Roman Law —     Roman Law     † Catholic Encyclopedia ► Roman Law     In the following article this subject is briefly treated under the two heads of; I. Principles; II. History. Of these two divisions, I is subdivided into: A. Persons; B. Things; C. Actions …   Catholic encyclopedia

  • Surety — A surety is a person who agrees to be responsible for the debt or obligation of another. Furthermore, a surety is also a security against loss or damage or for the fulfillment of an obligation, the payment of a debt, etc.; a pledge, guaranty, or… …   Wikipedia

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