Equitable subrogation

Term · Insurance and risk management · MLC-T-INS-001340

A legal doctrine allowing a party who has paid a debt or obligation of another to step into the shoes of the original creditor and assert that creditor's rights against the debtor. This principle applies when a party, without acting as a mere volunteer, pays a debt to protect its own interest or to prevent injustice. It is often invoked in mortgage and insurance contexts to prevent unjust enrichment.

Table 1. Record
Identifier	MLC-T-INS-001340
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-001340",
  "term": "Equitable subrogation",
  "field": "Insurance and risk management",
  "definition": "A legal doctrine allowing a party who has paid a debt or obligation of another to step into the shoes of the original creditor and assert that creditor's rights against the debtor. This principle applies when a party, without acting as a mere volunteer, pays a debt to protect its own interest or to prevent injustice. It is often invoked in mortgage and insurance contexts to prevent unjust enrichment.",
  "url": "https://mlchart.com/terminology/insurance/equitable-subrogation/"
}

Record 1,199 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.