subrogation
Noun
Substitution of a different person in place of a creditor or claimant with respect to certain rights and duties.
Usage- Countable
- Uncountable
- Related words
- Examples
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Subrogation is a staple element of the casualty insurance business.
He became my creditor as the result of a subrogation by a vendor.
More examples (1)
Most insurance policies include subrogation clauses.
Noun
(law) the act of substituting of one creditor for another
- Broader terms
Word forms
subrogations