subrogation
Noun
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Noun
subrogation
- (legal) Substitution of a different person in place of a creditor or claimant with respect to certain rights and duties.
- Subrogation is a staple element of the casualty insurance business.
- He became my creditor as the result of a subrogation by a vendor.
- French: subrogation
- German: Surrogation
- Portuguese: sub-rogação
This text is extracted from the Wiktionary and it is available under the CC BY-SA 3.0 license | Terms and conditions | Privacy policy 0.004