- The act of substituting or putting one person or
thing in the place of another; as, the substitution of an agent,
attorney, or representative to act for one in his absense; the
substitution of bank notes for gold and silver as a circulating medium. - The state of being substituted for another. - The office or authority of one acting for another;
delegated authority. - The designation of a person in a will to take a
devise or legacy, either on failure of a former devisee or legatee by
incapacity or unwillingness to accept, or after him. - The doctrine that Christ suffered vicariously, being
substituted for the sinner, and that his sufferings were expiatory. - The act or process of substituting an atom or radical
for another atom or radical; metethesis; also, the state of being so
substituted. See Metathesis.
Meaning of 'substitution' (Princeton's WordNet)
1 . substitution
[ n]
Meaning (1): - the act of putting one thing or person in the place of another:
Example in sentence:
he sent Smith in for Jones but the substitution came too late to help
Meaning (2): - an event in which one thing is substituted for another
Example in sentence:
the replacement of lost blood by a transfusion of donor blood
Marginal Rate of Substitution (MRS) Marginal Rate of Substitution (MRS) typically examines the link between two identical items and is a frequent statistic in economic research. The MRS is the...
Asset substitution Asset substitution occurs when a firm invests in assets that are riskier than those that the
Asset substitution problem Asset substitution problem arises when the stockholders substitute riskier assets for the firm's existing assets and expropriate value from