GLOSSARY TERM  
  Subrogation  
 
  DESCRIPTION  
  The substitution of one person for another in respect of a legal claim or demand. The person who is subrogated may sue on the other person's behalf, and acquires the rights, remedies, or securities of the other in relation to the claim. Arises generally in the insurance context where an insurer exercises its rights of subrogation by suing on an insured's behalf.