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Subrogation - The substitution of one creditor for another, or an insurer's subsequent recovery rights over an insured's property following payment of a claim on the property. Related Terms: Subrogation - creditor | insurance | insurance policy |
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WWW Virtual Library of Logistics Ver 4, Sep, 1999, Matthew D. Cox, logistics@logisticsworld.com Sponsored by LogisticsWorld. Copyright © 1995, 1996, 1997, 1998, 1999 MDC, All rights reserved. |