Dictionary indemnity
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’. 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 …
Dictionary indemnity
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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 … 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 ...
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 Webindemnify definition: 1. to pay or promise to pay someone an amount of money if they suffer damage or loss: 2. to…. Learn more.
WebApr 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. WebAug 27, 2015 · What is Indemnity. While the term indemnify is a verb, referring to the act of compensating someone for loss, the term indemnity is a noun, referring to the agreement or guarantee to compensate someone in the event loss occurs. Indemnity is commonly included as a clause in contracts in which the actions or mistakes of one party may result …
WebIndemnity. 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 …
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 là bộ từ điển đang trong quá trình phát triển cho nên nên số lượng từ hạn chế và thiếu các tính năng ví dụ như lưu từ vựng, phiên ... how common are concussions in sportsWebTừ 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 … how many possibilities with 5 numbersWebFrom 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 … how many possible 2 digit combinationsWebApr 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. how common are covid reinfectionsWebindemnity 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. how many possible 2 letter combinationsWebindemnified; 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 … how common are congenital cataractsWebFrom 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 ... how many possibilities in chess