Examlex
To encourage consumers to continue playing a contest, the intrinsic value of prizes can be steadily increased by allowing small, incremental rewards.
Subrogation
The legal right held by insurers to pursue a third party that caused an insurance loss to the insured.
Secured
Relating to a loan or obligation that is backed by collateral, ensuring the lender has recourse in case of default by the borrower.
Obligation
A legal or moral duty to do or not to do something, often resulting from a contract or promise.
Subrogation
The process by which one party assumes the legal rights of another party to collect a debt or claim.
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