Dictionary indemnity

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August undefined, 2024

WebAn 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. WebAn 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

Indemnity Definition & Meaning Dictionary.com

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 … 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 theory of primordialism

Indemnity Definition & Meaning YourDictionary

WebAn indemnitor is a person or organization (usually an insurance company) that provides indemnity —protection or security against damage or loss, or compensation for … WebOct 30, 2024 · Indemnity is a comprehensive form of insurance compensation for damages or loss. In a legal sense, it may also refer to an exemption from liability for damages. The … WebIndemnity refers to a promise to correct any losses, damage, or legal liability that are incurred by a person or a business. This is one of the key services provided by the insurance industry. To indemnify someone, a party (usually an insurance company) agrees to cover the costs or responsibility needed after a potential accident or loss. theory of probability books

What is Indemnity? - Definition Meaning Example - My …

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 is protection or security against damage or loss, or compensation for damages or money spent. Insurance coverage provides indemnity to a person (or organization) by … shruthishree kallappaWebOct 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 ... theory of probability in statistics

"WebApr 5, 2024 · AN letter of indemnity is a letter guaranteeing that contractual provisions becoming be met; otherwise, financial reparations will be made. ADENINE letter of indemnity is a letter guaranteeing that contractual reserves will becoming met; else, pecuniary redress will be made. " - Dictionary indemnity

Dictionary indemnity

Indemnity Definition & Meaning - Merriam-Webster

WebDefine Indemnity insurance. Indemnity insurance synonyms, Indemnity insurance pronunciation, Indemnity insurance translation, English dictionary definition of Indemnity insurance. n. 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... Webindemnity n. pl: -ties. 1 a : security against hurt, loss, or damage. b : exemption from incurred penalties or liabilities. 2 a : indemnification. b : something (as a payment) that indemnifies compare contribution. Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated.

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WebDefinition: 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 … WebSecurity; insurance; exemption from loss or damage, past or to come; immunity from penalty, or the punishment of past offenses; amnesty. By Noah Webster. Security …

WebTranslation Context Grammar Check Synonyms Conjugation Documents Dictionary Collaborative Dictionary Grammar Expressio Reverso Corporate More ... The buyer shall take out sufficient insurance against all possible claims and liabilities emanating from the indemnity given in article 15.1. WebSecurity against loss, damage, or penalty; indemnification or compensation for loss or injury sustained. 1914 - Nuttall's Standard dictionary of the English language By Nuttall, P.Austin. A security or pledge by which a person is secured against loss or punishment; compensation. 1874 - Etymological and pronouncing dictionary of the English language

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; … WebDec 7, 2024 · indemnify (v.) "compensate for loss or expense," 1610s, from Latin indemnis "unhurt" (see indemnity) + -fy. Related: Indemnified; indemnifying. " Indemnify formerly meant to save a person from damage or loss, but now much more often means to make good after loss or the damage of property." [Century Dictionary] Share indemnity ‘cite’

WebIndemnity is protection against loss or harm — it is most often used in insurance. If you suffer an injury or there's damage to your house, an indemnity makes up for the loss — …

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 … theory of pricing in economicWebHandicap indemnity - Yiddish translation, definition, meaning, synonyms, pronunciation, transcription, antonyms, examples. English - Yiddish Translator. theory of probability integral transformationWebApr 13, 2024 · The meaning of DOUBLE INDEMNITY is a provision in a life-insurance or accident policy whereby the company agrees to pay twice the face of the contract in case of accidental death. shruthi ramachandran ageWebOur 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’. theory of probabilityWebIndemnity. Recompense for loss, damage, or injuries; restitution or reimbursement. An indemnity contract arises when one individual takes on the obligation to pay for any loss … shruthissarees etsyWebFrom Longman Dictionary of Contemporary English Related topics: Law, Insurance indemnity in‧dem‧ni‧ty / ɪnˈdemnəti / noun (plural indemnities) law 1 [uncountable] SCL BFI protection against loss or damage, especially in the form of a promise to pay for any losses or damage insurance providing indemnity against future liabilities 2 ... theory of primordial soupWebindemnified; indemnifying 1 : to insure or protect against loss, damage, or injury 2 : to give something in order to make up for loss, damage, or injury indemnify victims of a disaster indemnification -ˌdem-nə-fə-ˈkā-shən … shruthi pilly st joseph