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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Licensed real estate broker who has a listing of property for sale. ...
Entrance or path to a land parcel. Passageway existing from property. An egress may lead to a roadway or some other form of exit. ...
Angle from north or south of a property. When a real estate appraiser does surveying, it is looked at clockwise from north. It may assist in determining the form or boundaries of land. ...
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Favorable occurrence providing a good chance for success, usually in financial terms. ...
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