Dictionary indemnity
Webindemnify definition: 1. to pay or promise to pay someone an amount of money if they suffer damage or loss: 2. to…. Learn more. Webindemnity. noun [ C or U ] uk / ɪnˈdemnəti / us plural indemnities. INSURANCE. protection against possible damage or loss, or the money paid if there is damage or loss: indemnity …
Dictionary indemnity
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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 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
WebIndemnity is commonly used in legal contracts to secure protection against being sued or held responsible for an accident. It’s often seen in the phrase indemnity clause. The one … 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 …
WebOur 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’. 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.
WebApr 9, 2024 · indemnity in American English (ɪnˈdemnɪti) noun Word forms: plural -ties 1. protection or security against damage or loss 2. compensation for damage or loss sustained 3. something paid by way of such compensation 4. protection, as by insurance, from liabilities or penalties incurred by one's actions 5.
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 … byron christopher williamsWebAn 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 byron chubbuck todayWebWhat 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, … byron christopher slotsWebIndemnity - Wikipedia Indemnity 13 languages Edit Tools Not to be confused with Coprographia. A female Oriental latrine fly ( Chrysomya megacephala) feeds on feces Coprophagia ( / ˌkɒprəˈfeɪdʒiə /) [1] or coprophagy ( / kəˈprɒfədʒi /) … clothing fallWebDec 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’ byron chubbuck the robin hoodWebApr 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. clothing fails photosWebNATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA, AND STARR INDEMNITY & LIABILITY INSURANCE COMPANY; from Harris County; 1st Court of Appeals District (01-19-00852-CV, 658 SW3d 305, 09-21-21) ... The umbrella policy’s definition of “Scheduled Underlying Insurance” includes National Union’s primary policy … clothing fails youtube