Related Words

Claimant: The person or entity submitting a claim.

Battle Of Hastings: This battle in 1066 CE marks the rough boundary between the end of the Anglo-Saxon (Old English) period from about 450-1066 CE and the beginning of the Middle English period from about 1066- . . . View Full Definition

Subrogation: The substitution of one creditor for another, with the substituted person succeeding to the legal rights and claims of the original claimant. Subrogation is used by title insurers to acquire . . . View Full Definition

Interpleader: A judicial proceeding where an innocent third party, such as an escrow agent or broker, can deposit with the court property or money that he or she holds and that is subject to adverse claim . . . View Full Definition

Interplead: A judicial proceeding by which, when two parties make the same claim against a third party, the rightful claimant is determined. As such, he could require them to litigate their problems bet . . . View Full Definition

Benefit: Amount payable by the insurance company to a claimant, assignee, or beneficiary when the insured suffers a loss.