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subrogation

/ ˌsʌbrəˈɡeɪʃən /

noun

  1. law the substitution of one person or thing for another, esp the placing of a surety who has paid the debt in the place of the creditor, entitling him to payment from the original debtor
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


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Example Sentences

Bill of sale and abandonment with subrogation to underwriter—that is, an assignment of all interest to the underwriter.

In the United States, subrogation to underwriters of damaged goods.

Or a first mortgage on good property, with subrogation of the wife's rights.

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