Dictionary

  • Marshalling

    (in the context of equity)
    An equitable doctrine of application in cases where there are two claimants against one person, one claimant having recourse to two separate funds of that person, the other having recourse to one only of the two funds. Where the claimant with recourse to both funds satisfies his/her claim from the fund which was the sole means of recoupment for the other claimant, equity allows the latter to obtain payment out of the fund which was originally available exclusively to the claimant with recourse to both funds.

made by avanavo.com

×