What is the meaning for subrogation?
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Definitions of subrogate Show
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Sign up now (it’s free!)Whether you’re a teacher or a learner, Vocabulary.com can put you or your class on the path to systematic vocabulary improvement.Get started subrogation n. assuming the legal rights of a person for whom expenses or a debt has been paid. Typically, subrogation occurs when an insurance company which pays its insured client for injuries and losses then sues the party which the injured person contends caused the damages to him/her. Example: Fred Farmer negligently builds a bonfire which gets out of control and starts a grass fire which spreads to Ned Neighbor's barn. Good Hands Insurance Co. has insured the barn, pays Neighbor his estimated cost of reconstruction of the barn, and then sues Farmer for that amount. Farmer will have all the "defenses" to the insurance company's suit that he would have had against Neighbor, including the contention that the cost of repairing the barn was less than Neighbor was paid or that Neighbor negligently got in the way of firefighters trying to put out the grass fire. See also: negligence subrogee subrogor Suggest a new Definition Proposed definitions will be considered for inclusion in the Economictimes.com Insurance
Definition: Subrogation is a right with the insurance company to sue a person or entity responsible for any damage or disability suffered by the insured. Description: Subrogation gives an insurer the right to recover the amount of loss suffered by the insured from a third party. Also See: Life Assured, Non-Standard Life, Premium, Premium Paying Term, Adverse Selection, Paid-Up Policy, Mitigation
Related Newsnoun lawthe 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 QUIZ SHALL WE PLAY A "SHALL" VS. "SHOULD" CHALLENGE? Should you take this quiz on “shall” versus “should”? It should prove to be a quick challenge! Question 1 of 6 Which form is commonly used with other verbs to express intention? subreption, subright, subring, Subroc,
subrogate, subrogation, sub rosa, subround, subroutine,
sub-Saharan, subsample Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012 Bill of sale and abandonment with subrogation to underwriter—that is, an assignment of all interest to the underwriter. In the United States, subrogation to underwriters of damaged goods. Or a first mortgage on good property, with subrogation of the wife's rights. What is the dictionary meaning of subrogation?Definition of subrogation
noun. 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. SHALL WE PLAY A "SHALL" VS. "SHOULD" CHALLENGE?
How do you use the word subrogation?Subrogation refers to the practice of substituting one party for another in a legal setting. Essentially, subrogation provides a legal right to a third party to collect a debt or damages on behalf of another party.
What is another word for subrogation?commutation, exchange, substitution.
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