Meaning of “subrogation” in the English Dictionary

business-english dictionary

(Definition of “subrogation” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"subrogation" in Business English

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subrogationnoun [ U ]

uk /ˌsʌbrəˈɡeɪʃən/ us INSURANCE

the right of an insurance company to get back the money that it pays to someone with an insurance contract from the person who has caused the loss, injury, or damage:

subrogation claims/rights Insurers would waive all subrogation rights against the company and its staff.

(Definition of “subrogation” from the Cambridge Business English Dictionary © Cambridge University Press)