Meaning of the word subrogation in English
What does subrogation mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
subrogation
US /ˌsʌb.rəˈɡeɪ.ʃən/
UK /ˌsʌb.rəˈɡeɪ.ʃən/
Noun
the substitution of one person or group by another in respect of a debt or insurance claim, accompanied by the transfer of the rights and duties involved
Example:
•
The insurance company exercised its right of subrogation after paying the claim.
•
The principle of subrogation prevents the insured from recovering more than their actual loss.
Synonym: