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What does subrogation mean?

Looking for the meaning or definition of the word subrogation? Here's what it means.

Noun
  1. (law) Substitution of a different person in place of a creditor or claimant with respect to certain rights and duties.
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Examples
Or a first mortgage on good property, with subrogation of the wife's rights.
Seaway Marine Transport was subsequently provided with a release and subrogation agreement for execution by a duly authorized officer.
Nixon says subrogation waivers in contracts of all types are becoming more common, although they vary in content and scope around the country.
The contract needs to follow the fortunes of Reliance National as respects to subrogation.
The fund consists of annual member assessments, money collected by subrogation from the defalcating lawyers and interest on the invested monies.
When consumers waive subrogation rights, insurance companies may refuse to pay for that particular incident.

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