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 dictionarySynonyms
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Phrases with the word
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.
Where the selected committee differs from the PSC is its preference for altruistic subrogation.
The insurance company will settle the claim with the car owner and get the subrogation from the car thief.