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contribution

 
Dictionary: con·tri·bu·tion   (kŏn'trĭ-byū'shən) pronunciation
n.
  1. The act of contributing.
  2. Something contributed.
  3. A payment exacted for a special purpose; an impost or a levy.
  4. An article or other work submitted for publication.

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Insurance Dictionary: Contribution
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Principle of equity in property, casualty, and health insurance. When two or more policies apply to the loss, each policy pays its part of the loss, unless its terms provide otherwise. For example, if two policies each insure a risk for $100,000 and there is a $50,000 loss, then each policy (depending on coinsurance requirements) will pay $25,000. In employee benefits, payment made by an employee.

Real Estate Dictionary: Contribution
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A principle of valuation that states that the value of any portion of a property is determined by how it affects the performance of the total property. Therefore, a property is considered a combination of features, each of which adds something to the total value based on its contribution to the property's usefulness.
Example: The value of an improvement can be appraised based on the principle of contribution. If a swimming pool adds $75,000 to the value of a house in a prestigious San Diego neighborhood, then its contribution is $75,000 regardless of what it costs to build.

Thesaurus: contribution
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Law Encyclopedia: Contribution
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This entry contains information applicable to United States law only.

In maritime law, where the property of one of several parties with interests in a vessel and cargo has been voluntarily sacrificed for the common safety of the vessel — as by casting goods overboard to lighten the vessel — such loss must be made up by the contribution of the others, which is labeled "general average." In civil law, a partition by which the creditors of an insolvent debtor divide among themselves the proceeds of the debtor's property in proportion to the amount of their respective credits. The right of a defendant who has paid an entire debt, or common liability, to recoup a proportionate share of the payment from another defendant who is equally responsible for the payment of that debt or liability.

Certain principles apply when contribution is sought in contractual situations. Where the parties are severally (individually) liable for a specific portion of a debt, one person who pays in excess of his or her proportionate share has no legal right to contribution from the others for the excess. Where the parties are jointly liable (as a unit) for the payment of a debt, a party who pays in excess of his or her ratable share can seek contribution from the others for the amount of his or her overpayment. If the parties are jointly and severally liable for a debt, both as a unit and as individuals, any party who pays in excess of his or her proportionate share can seek contribution.

To entitle a person to contribution, the payment of the debt or liability must arise from a legal obligation to pay. The payment of the entire debt or liability is unnecessary, but the payment must have exceeded the share of the person seeking contribution.

A plaintiff who procures a judgment (a final court decision that resolves a controversy and determines the rights and obligations of the parties) against two or more joint tortfeasors (those who together commit a civil wrong) can collect that judgment from all, any one, or less than all of them. The English and early U.S. common law held that if one such defendant did in fact pay less than a proportionate share of the judgment, that defendant should reimburse the other defendant(s) who paid more, except in cases of intentional torts or acts of the defendant that did not justify the court's assistance. During the past century, however, the majority of jurisdictions in this country expanded this exception and denied all common-law contribution among joint tortfeasors regardless of the basis of liability, including cases of negligence and strict liability.

Statutes — some of which are patterned after the Uniform Contribution Among Tortfeasors Act — supersede the common law in more than half the states and provide for contribution in some form. Several jurisdictions continue to permit contribution by judicial decision, never having adhered to the majority rule disallowing it, although some states still generally deny contribution.

Of those states allowing contribution, the majority allocate the damages among the defendants in proportion to their relative fault. In the remainder, which includes almost all those without a statute, the damages are divided equally. Certain defendants, such as an employer and his or her employee, are aggregated and assessed a single share.

Contribution is still generally but not universally denied to willful tortfeasors. If the plaintiff has sued and obtained a judgment against fewer than all joint tortfeasors, some statutes prohibit contribution from one against whom there is no judgment. Other statutes permit contribution in this instance, subject to satisfactory proof of liability.

It is generally held, unless there is a statute requiring otherwise, that a tortfeasor who settles prior to trial — and therefore against whom there is no judgment — can nevertheless obtain contribution from other joint tortfeasors, but must prove the liability to the plaintiff of the other tortfeasors, the amount of the damages, and the reasonableness of the prior settlement.

In an action for contribution, the party seeking it must ordinarily establish that the tortfeasor from whom contribution is sought was subject to liability to the injured plaintiff, if no judgment has been obtained determining that liability. Certain defenses usually bar contribution, such as automobile guest statutes and the immunity granted to employers under the workers' compensation acts, which only the defendant in the action for contribution could have asserted against the injured person. There is some authority to the contrary, however.

See: joint and several liability.

Translations: Contribution
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Dansk (Danish)
n. - bidrag, tilskud

Nederlands (Dutch)
bijdrage, gift, artikel etc. (kopij), premie

Français (French)
n. - contribution, cotisation, rôle joué par, don, (Comm) contribution, (Radio, TV) participation, (Journ) article

Deutsch (German)
n. - Beitrag, Spende

Ελληνική (Greek)
n. - συνεισφορά, συμβολή, συνεργασία, αρθρογραφία, συνεργασία (με έντυπο κ.λπ.), (οικον.) εισφορά

Italiano (Italian)
contributo

Português (Portuguese)
n. - contribuição (f), tributo (m)

Русский (Russian)
статья, вклад, взнос, контрибуция

Español (Spanish)
n. - contribución, aporte, pago, donación, donativo, colaboración, cotización, aportación, cuota

Svenska (Swedish)
n. - bidrag, inlägg, insats, tillskott

中文(简体)(Chinese (Simplified))
捐助, 贡献, 捐助之物

中文(繁體)(Chinese (Traditional))
n. - 捐助, 貢獻, 捐助之物

한국어 (Korean)
n. - 기부, 기고, 보험료

日本語 (Japanese)
n. - 寄付, 寄稿, 貢献, 負担部分, 保険者間の分担金

العربيه (Arabic)
‏(الاسم) تبرع, مساهمه‏

עברית (Hebrew)
n. - ‮כתבה, תרומה‬


 
 
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Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved.  Read more
Insurance Dictionary. Dictionary of Insurance Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved.  Read more
Thesaurus. Roget's II: The New Thesaurus, Third Edition by the Editors of the American Heritage® Dictionary Copyright © 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved.  Read more
Law Encyclopedia. West's Encyclopedia of American Law. Copyright © 1998 by The Gale Group, Inc. All rights reserved.  Read more
Translations. Copyright © 2007, WizCom Technologies Ltd. All rights reserved.  Read more