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subrogation

Noun

Meaning

The act of subrogating.

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.

Source: Webster's dictionary

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Examples

But, he hopes that the substitutes hoping to be “role models” for society will take a child to strangers to term without compensation, even when the OCIs and wealthy IOPs commission the subrogation. Source: Internet

Where the selected committee differs from the PSC is its preference for altruistic subrogation. Source: Internet

The insurance company will settle the claim with the car owner and get the subrogation from the car thief. Source: Internet

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