subrogation of a creditor

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• Subrogation — is the legal technique under the common law by which one party, commonly an insurer (I X) of another party (X), steps into X s shoes, so as to have the benefit of X s rights and remedies against a third party such as a defendant (D). Subrogation… …   Wikipedia

• subrogation — sub·ro·ga·tion /ˌsə brō gā shən/ n 1: an equitable doctrine holding that when a third party pays a creditor or obligee the third party succeeds to the creditor s rights against the debtor or obligor; also: a doctrine holding that when an… …   Law dictionary

• Subrogation — Sub ro*ga tion, n. [Cf. F. subrogation, LL. subrogatio.] The act of subrogating. Specifically: (Law) The substitution of one person in the place of another as a creditor, the new creditor succeeding to the rights of the former; the mode by which… …   The Collaborative International Dictionary of English

• subrogation — [sub΄rō gā′shən, sub΄rəgā′shən] n. 〚ME subrogacioun < ML subrogatio < L subrogatus〛 a subrogating; esp., the substitution of one creditor for another, along with a transference of the claims and rights of the old creditor * * * sub·ro·ga·tion… …   Universalium

• subrogation — [sub΄rō gā′shən, sub΄rəgā′shən] n. [ME subrogacioun < ML subrogatio < L subrogatus] a subrogating; esp., the substitution of one creditor for another, along with a transference of the claims and rights of the old creditor …   English World dictionary

• subrogation — The substitution of one person in the place of another with reference to a lawful claim, demand or right, so that he who is substituted succeeds to the rights of the other in relation to the debt or claim, and its rights, remedies, or securities …   Black's law dictionary

• subrogation — The substitution of one person in the place of another with reference to a lawful claim or right against a third person. The principle that when one person has been compelled to pay a debt which ought to have been paid by another, he becomes… …   Ballentine's law dictionary

• subrogation — noun Date: 15th century the act of subrogating; specifically the assumption by a third party (as a second creditor or an insurance company) of another s legal right to collect a debt or damages …   New Collegiate Dictionary

• subrogation — noun The substitution of a different person in place of a creditor …   Wiktionary

• subrogation — sub·ro·ga·tion || ‚sÊŒbrəʊ geɪʃn n. substitution of one creditor for another …   English contemporary dictionary

• subrogation — n. Law the substitution of one party for another as creditor, with the transfer of rights and duties. Derivatives: subrogate v.tr. Etymology: LL subrogatio f. subrogare choose as substitute (as SUB , rogare ask) …   Useful english dictionary