Dictionary indemnity
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 … 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 …
Dictionary indemnity
Did you know?
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, … 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 …
WebIndemnity 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.”. 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 …
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. 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 …
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 protection or security against damage or loss, or compensation for damages or money spent. Insurance coverage provides indemnity to a person (or organization) by … intoxicated surgeWebAug 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 … new look white heeled sandalsWebnoun Definition of indemnity as in compensation payment to another for a loss or injury the widow now lives on a pension and an indemnity from her late husband's company Synonyms & Similar Words Relevance compensation reparation damages indemnification restitution redress recompense recoupment reimbursement remuneration reprisal (s) … new look white bootsWebFrom 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 … new look waterfall jacketWebindemnity. 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. new look white jacketWebFrom 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 ... new look white pumpsWebAn 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. new look white blazers