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Conventional subrogation

Defined in 1 dictionary — Ballentine's (1916)

Ballentine's Law Dictionary

James A. Ballentine · 1916

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.