Dictionary indemnity
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: … 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.
Dictionary indemnity
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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. Webindemnity in American English. (ɪnˈdɛmnɪti ) noun Word forms: plural inˈdemnities. 1. protection or insurance against loss, damage, etc. 2. legal exemption from penalties or …
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. 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.”.
Webnoun indemnities Protection or insurance against loss, damage, etc. Webster's New World Similar definitions Legal exemption from penalties or liabilities incurred by one's actions. Webster's New World Similar definitions Repayment or reimbursement for loss, damage, etc.; compensation. Webster's New World Similar definitions 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 …
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 ...
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’ did georgia cheat on domWebIndemnity. 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 … did george w bush write a bookWebAn indemnitor is a person or organization (usually an insurance company) that provides indemnity —protection or security against damage or loss, or compensation for … did george weasley lose an earWebIndemnity 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 … did george w bush sign any treatiesWebindemnity. 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. did georgia change daylight savings timeWebApr 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. did georgia change their official flagWebBlack'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. did georgia democrats flip 41 seats