What Does subrogate Mean
The notion of subrogation is used in the field of law to refer to the action of replacing something or someone, putting something else or another individual in its place . The etymological root of the term is found in the Latin word subrogāre .
Usually the idea of surrogacy appears within the framework of a contract . When subrogating a legal or natural person for another, it is replaced , modifying the contract in terms of the fulfillment of an obligation or when exercising an attribution.
The act of subrogation may consist of changing the debtor or the lender in financing , which produces a delegation or a succession of duties. The subrogations position the debtor , for example, it is to replace the holder of a credit for another. In some cases, such as an inheritance after the death of the borrower, subrogation does not require creditor approval. The subrogation in the position of the creditor , on the other hand, occurs when the creditor transfers his rights to another subject.
Suppose a man acquires a property through a mortgage loan, owing the bank a large amount of money . Later, he loses his job and cannot continue with the payments. Faced with this reality, he offers to subrogate his brother's mortgage : in this way, his brother becomes the new owner of the loan and assumes the obligation to pay the corresponding installments, keeping the house formally beyond what he arranges with your family member.
Surrogate a womb , on the other hand, implies an agreement through which a woman carries out a pregnancy and after giving birth, gives the baby to another person or a couple, who assumes motherhood / fatherhood. This agreement can be made for profit or altruistic.