subrogation Meaning in Cambridge Business English Dictionary
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Meaning of "subrogation" - Business English Dictionary

subrogation

noun [U]
 
 
/ˌsʌbrəˈɡeɪʃən/ 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)
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