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

Example Sentences

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

From Project Gutenberg

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

From Project Gutenberg

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

From Project Gutenberg