- Collateral Source Rule
- A common law rule of evidence pertaining to punitive or other damages awarded to a plaintiff for injury, illness or disability. The Collateral Source rule mandates that damages awarded in court cannot be reduced by any amount of other sources of income used to cover the damages suffered by the victim.
The Collateral Source rule is a legal edict that prevents evidence from being admitted in court that proves the plaintiff (or victim) is receiving compensation for injuries from other sources, such as insurance. This doctrine has been contested in court in recent years by those who feel that victims should not be able to sue tortfeasors again for damages that were already paid from another source.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
collateral source rule — n: a rule in torts: the amount of damages to be paid to a plaintiff by a defendant will not be reduced by payments received by the plaintiff from other sources (as medical insurance) Merriam Webster’s Dictionary of Law. Merriam Webster. 1996.… … Law dictionary
Collateral source rule — The collateral source rule, or collateral source doctrine, is an American case law evidentiary rule that prohibits the admission of evidence that a victim s damages were or will be compensated from some source other than the damages awarded… … Wikipedia
collateral source rule — The rule of damages that benefits received by the plaintiff from a source wholly independent of and collateral to the wrongdoer will not diminish the damages otherwise recoverable. 22 Am J2d Damg § 206 … Ballentine's law dictionary
collateral — col·lat·er·al 1 /kə la tə rəl, la trəl/ adj 1 a: accompanying as a secondary fact, activity, or agency but subordinate to a main consideration b: not directly relevant or material a collateral evidentiary matter a collateral issue 2: belonging to … Law dictionary
Collateral — may refer to: Collateral (finance) Collateral (film) See also Collateral damage Collateral Warranty Collateral contract Collateral ganglia Collateral estoppel Collateral source rule Collateralized debt obligation Marketing collateral Collateral… … Wikipedia
collateral — /kalaetsral/ Property which is pledged as security for the satisfaction of a debt. Collateral is additional security for performance of principal obligation, or that which is by the side, and not in direct line. Shaffer v. Davidson, Wyo., 445… … Black's law dictionary
Collateral consequences of criminal charges — Collateral consequences of criminal charges, known as the Four C s in legal parlance [http://www2.law.columbia.edu/fourcs] , are the results of arrest, prosecution or conviction that are not part of the sentence imposed. This includes any… … Wikipedia
Net capital rule — The uniform net capital rule is a rule created by the U.S. Securities and Exchange Commission ( SEC ) in 1975 to regulate directly the ability of broker dealers to meet their financial obligations to customers and other creditors. Broker… … Wikipedia
Best evidence rule — The best evidence rule is a common law rule of evidence which can be traced back at least as far as the 18th century. In Omychund v Barker (1745) 1 Atk, 21, 49; 26 ER 15, 33, Lord Harwicke stated that no evidence was admissible unless it was the… … Wikipedia
Tort reform in the United States — refers to a topic of debate over the changes to the tort law system of liability and damages. While the phrase tort reform might imply any change in tort law or procedure, the commonly understood use in political and academic arenas describes a… … Wikipedia