subrogation

(redirected from Subrogee)
Also found in: Thesaurus, Legal, Financial, Encyclopedia.
Related to Subrogee: Subrogor

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 ?
Lexington National Insurance Company, as subrogee for American Campus Communities vs.
The term "creditor" includes a creditor's assignee, transferee, or subrogee who so participates.
95 to Nationwide as subrogee of Stanczuk for property damage to the Stanczuk vehicle; $729.
subrogation, and even if the subrogee fails to enforce its right, the
Here, however, defendant Hanover Insurance Company is Luz Herrera's no-fault insurer, not the wrongdoer " She added, "While purporting to sue as the subrogee of Herrera, as its insured, Aetna is actually suing to recover for its own losses due to incorrect billing, rather than Herrera's losses.
A contractual subrogee is a stranger to a wrong who pays the victim for the victim's injury and then gains the right to receive repayment from the defendant based on the victim's rights, often by enforcing those rights.
In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, STI said it was enforcing its rights as creditor and subrogee of Banco de Oro (BDO) to the P223million debt of PWU and as a consequence of the alleged default of PWU and Unlad Resources Development Corp.
Genesco subsequently sued Visa as the banks' assignee and subrogee for recovery of the fines and assessments, asserting claims of breach of contract and implied covenants of good faith and fair dealing, unjust enrichment, restitution, and violation of California's Unfair Competition Act.
27) The injured driver's insurance company sued the employer's insurance intermediary for professional negligence in allowing the employer's policy to be canceled; the driver's insurer argued that it was permitted as a subrogee and third-party beneficiary to sue the employer's intermediary.
Chubb Custom Insurance Company (Chubb), as subrogee of TaubeKoret Campus for Jewish Life (Taube-Koret), brought a claim under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) (46) to recover insurance payments it made to Taube-Koret for environmental response costs.
judgment debtor and be a subrogee without violating the restraining
In basic terms, the courts have consistently held that the subrogee can only step into the shoes of the first mortgage holder to the extent of the amount of the payoff of the original mortgage or lien, plus interest, fees, and costs.