subrogate

Definition

Take over a legal claim or right against a third party from another party who previously owned that right or claim. One example of subrogation is the taking over of a debt from a previous creditor.

Use subrogate in a sentence

You may find that you can make a claim as a subrogate if you think that will be the best way to proceed.

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When I inherited my father's business, I also subrogated his $100,000 in debt which will prove hard to pay off.

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After John Smith's insurance company paid him for the loss of his car, his insurer subrogated the rights of his policy and got their money back from the guy who ran the red light.

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subprime mortgage market subrogation