Subrogation
Pronunciation : Sub`ro*ga"tion
Part of Speech : n.
Etymology : [Cf. F. subrogation, LL. subrogatio.]
Definition : Defn: The act of subrogating. Specifically: (Law)
Defn: 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 a third person who pays a creditor succeeds to his rights against the debtor. Bouvier. Burrill. Abbott.
Source : Webster's Unabridged Dictionary, 1913