Tag: Legal Terms

A B C D E F G H I J K L M N O P R S T U

Subrogation

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Subrogation: The right to assert a claim against the party responsible for a loss in order to obtain repayment of moneys paid in satisfaction of the claim. For example, where an employer pays a workers compensation claim due to an accident caused by a third party, then the employer succeeds to the same right that the employee had to sue the third party for the injury to the extent of the workers compensation benefits paid.


Tenancy

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Tenancy – a contract between a tenant and their landlord. This contract can be written or verbal. In England and Wales there is no law to say that landlords have to provide a written tenancy agreement, but it is always a good idea to ask for one, even if the landlord is a friend or family member.


Third party

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Third party – a term used to describe someone other than the two sides in a particular situation. For example, it can be used in motor insurance policies to describe other people besides the person who is insured and the company that insures them.


Transparent

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Transparent – being open and honest in a way that can be understood by others.


Tribunal

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Tribunal – a person or group of people who collectively have authority to judge and/or determine claims or disputes.


Unfair dismissal

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Unfair dismissal – an employee is entitled to make a claim for unfair dismissal once they have been employed for two years, full or part-time, and they are dismissed for any of these reasons.