A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.
- legal Substitution of a different person in place of a creditor or claimant with respect to certain rights and duties.
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This glossary post was last updated: 29th March, 2024.
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