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subrogation
sub·ro·ga·tion [ sùbbrə gáysh'n ]


noun 
Definition:
 
substitution of one claim for another: the substitution of one claim for another, especially the transfer of the right to receive payment of a debt to somebody other than the original creditor
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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