Subrogation: Canada Debt .ca defines Subrogation

Bankruptcy Term Subrogation

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Canada Debt has the definition to the bankruptcy and debt term Subrogation. Finding answers to terms such as Subrogation can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Subrogation in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Subrogation' is used as follows:

The legal right that a person or corporation has when he pays someone's debt to recover that money from the debtor.