subrogation

noun
sub·ro·ga·tion | \ ˌsə-brō-ˈgā-shən \

Definition of subrogation 

: the act of subrogating specifically : the assumption by a third party (such as a second creditor or an insurance company) of another's legal right to collect a debt or damages

First Known Use of subrogation

15th century, in the meaning defined above

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Dictionary Entries near subrogation

subring

subrisive

subrogate

subrogation

sub rosa

sub-rosa

subrostral

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The first known use of subrogation was in the 15th century

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More Definitions for subrogation

subrogation

noun
sub·ro·ga·tion | \ ˌsə-brō-ˈgā-shən \

Legal Definition of subrogation 

1 : an equitable doctrine holding that when a third party pays a creditor or obligee the third party succeeds to the creditor's rights against the debtor or obligor also : a doctrine holding that when an insurance company pays an insured's claim of loss due to another's tort the insurer succeeds to the insured's rights (as the right to sue for damages) against the tortfeasor

called also equitable subrogation

2 : an act or instance of subrogating where an insurer has acquired by an assignment or by subrogation the right to recover for money —J. M. Landers et al.

Note: Subrogation can take place either by operation of law or by contractual agreement.

More from Merriam-Webster on subrogation

Britannica.com: Encyclopedia article about subrogation

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