Subrogation Clause

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Definition: Subrogation Clause

Subrogation Clause
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Full Definition of Subrogation Clause

A clause that allows the insurer to engage in action against a liable third party to recoup any money for a loss the insurer has already paid. Under this clause, the insurer cannot recoup money from both the insured and a third party.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/subrogation-clause/
Modern Language Association (MLA):
Subrogation Clause. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
November 08, 2024 https://payrollheaven.com/define/subrogation-clause/.
Chicago Manual of Style (CMS):
Subrogation Clause. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/subrogation-clause/ (accessed: November 08, 2024).
American Psychological Association (APA):
Subrogation Clause. PayrollHeaven.com. Retrieved November 08, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/subrogation-clause/

Definition Sources

Definitions for Subrogation Clause are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 16th November, 2021 | 0 Views.