Subrogation

[,sʌbrә'geiʃәn]

Definition

(noun.) (law) the act of substituting of one creditor for another.

Checked by Anita--From WordNet

Definition

(n.) The act of subrogating.

(n.) The substitution of one person in the place of another as a creditor, the new creditor succeeding to the rights of the former; the mode by which a third person who pays a creditor succeeds to his rights against the debtor.

Typed by Gwendolyn

Definition

n. the succession or substitution of one person or thing by or for another in regard to a legal claim &c.

Inputed by Augustine