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Definition of Subrogation
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Subrogation
The act of subrogating. The substitution of one person in the place of another as a creditor, the new creditor succeeding to the rights of the former; the mode by which a third person who pays a creditor succeeds to his rights against the debtor. Related Definitions:
Act, Against, Another, As, By, Creditor, Debtor, Former, His, In, Mode, New, Of, One, Person, Place, Substitution, Succeeding, The, Third, To, Which, Who |
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