subrogation

(redirected from Subrogations)
Also found in: Thesaurus, Legal, Financial, Encyclopedia.

sub·ro·ga·tion

 (sŭb′rō-gā′shən)
n.
The substitution of one person or entity for another, especially when the substituted party becomes responsible for a debt or legal claim.

subrogation

(ˌsʌbrəˈɡeɪʃən)
n
(Law) 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 or her to payment from the original debtor
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.subrogation - (law) the act of substituting of one creditor for another
substitution, commutation, exchange - the act of putting one thing or person in the place of another: "he sent Smith in for Jones but the substitution came too late to help"
law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order"
Translations
References in periodicals archive ?
The balance sheet of reserve funds at the JSMEC for acceptance of insurance from credit guarantee corporations has deteriorated because about 80% of subrogations are covered by the insurance of the JSMEC.
The Ministry of Economy, Trade and Industry (METI) plans to introduce flexible fees for credit guarantees extended to small and medium businesses from the next fiscal year in response to a sharp increase in subrogation amid bankruptcies of small business in Japan, ministry officials said Wednesday.
JSMEC), which has deteriorated due to increases in subrogation by regional credit guarantee corporations amid the slumping economy.