right of contribution

Definition

The right of an individual who has discharged a common liability to recover from another liable party his or her share.

Use this term in a sentence

You should try and make sure that you use the right of contribution in your favor to make things better.

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He had the right of contribution and that meant a lot of good for him because he had wanted to work with it.

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The right of contribution was mentioned during the meeting because the creditor may still have a way to receive the money owed.

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right hand side (RHS) right of first offer