subrogation

Definitions

Construction

  • The assumption by a third party of the legal rights of another to collect debts and damage. An insurance carrier may, for example, step into the shoes of the insured and file a claim or lawsuit against any party when the insured could have sued.

Law

  • noun a legal principle whereby someone stands in the place of another person and acquires that person’s rights and is responsible for that person’s liabilities
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