Conventional subrogation

Dictionary: 
Ballentine's Law Dictionary

The right of subrogation springing from an express agreement with a debtor that the security shall be kept alive for the benefit of the maker of the payment. See 168 111. 618, 61 Am. St. Rep. 146, 48 N. E. 161.

Author: 
James A. Ballentine
Publisher: 
The Bobbs-Merrill Company
Year Published: 
1916
Genre: 
Law Dictionary