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Today's Terms
Summons
Definition:
Document or writ directing the sheriff or other officer to notify a person that an action has been commenced against him in court and that he is required to appear, on a certain day, and answer the complaint in such action.
Subrogation
Definition:
The process in which an insurance company, after paying a loss to its insured, recovers the amount of the loss for damages (plus the insured's deductible) from the legally liable party.
Deductible
Definition:
The amount of the loss which the insured is responsible to pay before benefits from the insurance policy are payable.
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