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Wordnet 3.0

NOUN (1)

1. (law) the act of substituting of one creditor for another;

The Collaborative International Dictionary of English v.0.48:

Subrogation \Sub`ro*ga"tion\, n. [Cf. F. subrogation, LL. subrogatio.] The act of subrogating. Specifically: (Law) The substitution of one person in the place of another as a creditor, the new creditor succeeding to the rights of the former; the mode by which a third person who pays a creditor succeeds to his rights against the debtor. --Bouvier. Burrill. Abbott. [1913 Webster]