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subrogation

British

/ ˌsʌbrəˈɡeɪʃən /

noun

law the substitution of one person or thing for another, esp the placing of a surety who has paid the debt in the place of the creditor, entitling him to payment from the original debtor

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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subrogation

Ronald Ryder at Oppenheimer & Co., a New York investment firm, told Welsh in an email on April 15 that his company was currently trading the subrogation claims.

From Los Angeles Times ● Jun. 24, 2025

The investors are aiming to buy so-called subrogation claims from insurance companies.

From Los Angeles Times ● Jun. 24, 2025

But he and other practitioners of health care subrogation say it reduces health insurance costs, allowing lower premiums for all employees.

From Washington Times ● Apr. 14, 2018

An estimated 60 percent of American workers are enrolled in self-funded health plans subject to subrogation.

From Washington Times ● Apr. 14, 2018

Sur′rogāteship; Surrogā′tion, subrogation; Surrogā′tum, that which comes in place of something else.

From Chambers's Twentieth Century Dictionary (part 4 of 4: S-Z and supplements) by Various

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Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023