Dictionary indemnity
Web1. [noncount] : a promise to pay for the cost of possible damage, loss, or injury. an agreement providing indemnity against prosecution/loss. — often used before another … Webindemnity / hold harmless - legal Indemnity based insurance./Index Based Claim Insurance. - financial indemnity bond - financial indemnity clause - legal indemnity for goodwill Indemnity supplier Indemnity to Principals Letter of Indemnity - legal major indemnity plans medical indemnity insurance - legal
Dictionary indemnity
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WebWhat is indemnification? Indemnification, also referred to as indemnity, is an undertaking by one party (the indemnifying party) to compensate the other party (the indemnified party) for certain costs and expenses, … WebFrom Longman Business Dictionary in‧dem‧ni‧ty /ɪnˈdemnəti/ noun (plural indemnities) 1 [ uncountable] protection against loss or damage, especially in the form of an official …
WebOct 8, 2024 · An indemnity in a contract is a promise by one party to compensate the other party for loss or damage suffered by the other party during contract performance. An indemnity is also known as a ‘hold harmless’ clause as one party agrees to hold the other party harmless. Alternatively, they are ‘make good’ clauses where the other party is ... Webindemnify / ( ɪnˈdɛmnɪˌfaɪ) / verb -fies, -fying or -fied (tr) to secure against future loss, damage, or liability; give security for; insure to compensate for loss, injury, expense, etc; …
Webn. pl. in·dem·ni·ties 1. Security against damage, loss, or injury. 2. An exemption from liability for damages resulting from specified conduct, as in a contract indemnifying a party for …
WebBlack's Law Dictionary: 2nd Edition . An indemnity is a collateral contract or assurance, by which one person engages to secure another against an anticipated loss or to prevent him from being damnified by the legal consequences of an act or forbearance on the part of one of the parties or of some third person. See Civ. Code Cal. § 2772, Davis v.
WebTừ điển dictionary4it.com. Qua bài viết này chúng tôi mong bạn sẽ hiểu được định nghĩa protection & Indemnity (P&I) là gì.Mỗi ngày chúng tôi đều cập nhật từ mới, hiện tại đây … earth gems hoursWebDefinition: Indemnity is compensation given to a third party for damages or losses suffered. It is a payment that reimburses for monetary or physical losses experienced. What Does Indemnity Mean? The term indemnity is most commonly used in insurance environments. It refers to the fulfillment of the obligation taken by the insurance company … earth gems dragonflightWebIndemnity states that the injured party has the right to claim compensation or reimbursement for damages or losses from the other party. This is usually applied in civil lawsuits concerning negligence claims. Indemnity may also refer to the legal exemption from damages or loss. In that case, the general meaning of indemnity is “hold harmless.”. ctg study daysWebAn indemnity is a collateral contract or assurance, by which one person engages to secure another against an anticipated loss or to prevent him from being damnified by the legal consequences of an act or forbearance on the part of one of the parties or of some third person. See Civ. Code Cal. Related Legal Terms & Definitions. ctg taleoWebAn indemnitor is a person or organization (usually an insurance company) that provides indemnity —protection or security against damage or loss, or compensation for … earth gemsWebOur client will seek an indemnity from the vendor for a breach of contract. The defeated nations were forced to pay an indemnity of $800 million. Word Origin late Middle English: from French indemnite , from late Latin indemnitas , from indemnis ‘unhurt, free from loss’. earth gems calgaryWebindemnity. See More Nearby Entries . Cite this Entry. Style “Indemnitor.” Merriam-Webster.com ... Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! Merriam-Webster unabridged. Can you solve 4 words at once? Play Play. ctg teacher training