Definition, Meaning & Synonyms
subrogation
Noun
suh-broh-GAY-shun
Definition
Subrogation is a legal concept where one party takes on the rights or claims of another party, particularly in the context of insurance.
Examples
- After the insurance company paid the claim, it sought subrogation against the third party responsible for the damages.
- Subrogation allows insurers to recover funds from parties that are liable.
Meaning
The act of substituting one person or group in place of another with regard to a legal claim or right.
Synonyms
- Replacement
- Succession
- Assumption
