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 ?
American Family Mutual Insurance Company as subrogee of Bryan Compton and Monica Compton vs.
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.
The court went on: "In contractual subrogation actions, the statute of limitations runs from the date of the injury to the original "rightholder" and not from the date of payment by the subrogee.
State Farm paid the homeowner $19,271 and then, as his subrogee, sued Premier and Worldwide.