Right Of Subrogation
Definition of "Right of subrogation"
The substitution of one person or business for another when the substituted person or business has the same rights and obligations as the original party. An insurance company can surogate for the insured when the insured is being sued.
Popular Real Estate Terms
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Judicial order prohibiting a person or business from doing something. The court may issue this dictate when unlawful conduct or activity is occurring. ...
See annuity due. ...
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