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Today's Terms
Joint-and-several liability
Definition:
Liability in which each liable party is individually responsible for the entire obligation. Under joint-and-several liability, a plaintiff may choose to seek full damages from all, some, or any one of the parties alleged to have committed the injury.
Medical lien
Definition:
The right of a hospital, doctor or health care provider to assert an interest in personal injury recoveries to the extent of the cost of the treatment or service provided.
Subrogation
Definition:
A process by which a third party is put in the place of a creditor so that the rights and securities of the creditor pass to that third person.
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