Subrogation
/ˌsʌbrəˈɡeɪʃən/
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Definition
(noun) Substitution of a different person in place of a creditor or claimant with respect to certain rights and duties.
Sentence Examples
Subrogation is the substitution of one person for another person.
The company exercised its right of subrogation under the deal.
CEFR Practice Quiz
____ allows an insurance company to recover the costs of a claim from the party that was at fault.