a and i - accident - adjustment - anti-indemnity - compensation - contract bond - double indemnity - indemnification - indemnify - indemnitee - indemnitor -. Indemnity definition: Security against damage, loss, or injury. Indemnity is a type of insurance which covers damages or loss in the legal sense. Get indemnity insurance up to Rs. 2 crore from Bajaj Finance with. Indemnity insurance is an agreement wherein one party guarantees Dictionary · Editorial Policy · Advertise · News · Privacy Policy · Contact Us · Careers. To indemnify, also known as indemnity or indemnification, means compensating a person for damages or losses they have incurred or will incur related to a.
Find the legal definition of INDEMNITY from Black's Law Dictionary, 2nd Edition. An Indemnity Is a collateral contract or assurance, by which one person. Indemnity can be defined as a contractual obligation to compensate an individual or business for damages or losses they experience. protection against damage or loss, especially in the form of a promise to pay for any damage or loss that happens. Where does the noun indemnity come from? The earliest known use of the noun indemnity is in the mid s. OED's earliest evidence for indemnity is from What Does Indemnity Mean? The word indemnity literally means security, protection or coverage against loss. Indemnity is a specific liability in which a company assumes liability in place of the other party in the event of damages or losses. protection against possible damage or loss, especially a promise of payment, or the money paid if there is such damage or loss. What is 'Indemnity'? Learn more about legal terms and the law at lechdvlnie.ru 1(law) [uncountable] indemnity (against something) protection against damage or loss, especially in the form of a promise to pay for any that happens an. An indemnity is an agreement by one person to bear the cost of certain claims brought against another person in specified circumstances. Indemnity is a contractual agreement which includes compensation by cash payments, replacement, repairs, or reinstatement.
Indemnity is based on a mutual contract between two parties (one insured and the other insurer) where one promises the other to compensate for the loss against. Indemnity is protection against loss or harm — it is most often used in insurance. Indemnity means protection against, or compensation for, a loss or liability. Some indemnity claims arise by operation of law. What's an indemnity plan? Indemnity insurance helps pay medical bills. You may cover some costs yourself first (deductible). After that, you'll share some of. Indemnity means security or protection against a financial liability. It typically occurs in the form of a contractual agreement made between parties. indemnity - Protection provided against any potential harm, loss, or damage. In contract law, an indemnity is a contractual obligation of one party (the indemnitor) to compensate the loss incurred by another party (the indemnitee). Indemnity is a type of insurance that covers a wide range of damages and losses. In the indemnity clause, one party commits to compensate another party. In summary, indemnity payments in commercial insurance refer to financial compensation provided by an insurance company to policyholders or affected parties to.
What does indemnity mean? Indemnity is protection or security against damage or loss, or compensation for damages or money spent. Insurance coverage provides. An indemnity agreement is a contract that protects one party of a transaction from the risks or liabilities created by the other party of the transaction. INDEMNITY meaning: 1: a promise to pay for the cost of possible damage, loss, or injury often used before another noun; 2: a payment made to someone. In summary, an indemnity bond is a legal agreement that is used to protect an individual or entity from any potential losses or expenses that may arise from. indemnity. an undertaking by one person to make good losses suffered by another. Frequently confused with guarantee, an indemnity is a primary obligation that.
Dictionary. Issue: Near: DictionaryI. Indemnity Definition. An agreement to compensate another party for loss or damage. indemnity meaning, definition, what is indemnity: protection against loss or damage, espec: Learn more.
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