Tortfeasor
Definition
- A person or entity who willingly or through negligence commits a tort. In other words, a tortfeasor is an entity who is found liable for damages in a civil trial.
Synonyms
defendant, bad guy, wrongdoer, dark side
Related Terms and Acronyms
- Collateral Source Rule — Definition,
- In tort law, the collateral source rule states that the tortfeasor (defendant) cannot deduct payments made by other parties to the plaintiff (such as insurance settlements) from what they are required to pay.
- Defendant — Definition,
- The accused party in a lawsuit or criminal trial.
- Errors and Omissions Insurance — Definition,
- Insurance that protects architects, home inspectors and contractors from claims by clients for professional mistakes.
- Lawsuit — Definition,
- A suit brought before a court in order to remedy an alleged injustice.
- Liability — Definition,
- A situation where one party is found to be legally responsible for something.
- Liability Insurance — Definition,
- Insurance that provides coverage for damages caused by an individual or entity's negligence or legal responsibilities.
- Plaintiff — Definition,
- The party who initiates a lawsuit.
- Professional Liability Insurance (PLI) — Acronym, Very Important,
- Insurance that covers professionals for liabilities occurring due to negligence or harm in a product or service they provide.
- Settlement — Definition,
- An agreement between the parties of a legal case.
- Settlement Statement — Definition,
- A document that details who has paid how much to whom.
- Statutory Liability — Definition,
- Liability that is assigned by law and is not open for interpretation.
- Subrogation — Definition,
- When an insurance company has the right to take legal action against a third party for damages.
- Tort — Definition,
- An act that causes harm or loss.
- Tort Law — Definition,
- Civil law or the laws that govern civil lawsuits.
- Waiver of Subrogation (WOS) — Acronym,
- A provision that prevents an insurer from pursuing a third party for damages to insured property.