Dictionary indemnity

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August undefined, 2024

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’ 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: …

Protection & Indemnity (P&I) trong hàng hải nghĩa là gì?

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 … 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 northern illinois farm land for sale

indemnity meaning of indemnity in Longman Dictionary of …

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’. 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. how to roll a sandwich wrap youtube

Indemnity Definition & Meaning Britannica Dictionary

Indemnify Examples, Processes - Legal Dictionary

WebIndemnity - Wikipedia Indemnity 13 languages Edit Tools Not to be confused with Coprographia. A female Oriental latrine fly ( Chrysomya megacephala) feeds on feces … 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. how to roll angle ironWebindemnified; 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 to roll a persian rug

"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 … " - Dictionary indemnity

Dictionary indemnity

Indemnity Definition & Meaning Dictionary.com

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.”. WebIndemnity refers to a promise to correct any losses, damage, or legal liability that are incurred by a person or a business. This is one of the key services provided by the insurance industry. To indemnify someone, a party (usually an insurance company) agrees to cover the costs or responsibility needed after a potential accident or loss.

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WebHandicap indemnity - Yiddish translation, definition, meaning, synonyms, pronunciation, transcription, antonyms, examples. English - Yiddish Translator. Webindemnify / ( ɪnˈdɛmnɪˌfaɪ) / verb -fies, -fying or -fied (tr) to secure against future loss, damage, or liability; give security for; insure to compensate for loss, injury, expense, etc; …

Webindemnity noun [ C or U ] finance & economics, law formal or specialized uk / ɪnˈdem.nə.ti / us / ɪnˈdem.nə.t̬i / protection against possible damage or loss, especially a promise of … WebDefine Manager Indemnity Obligation. is defined in Section 8.7(b). Related to Manager Indemnity Obligation. Contract means the agreement that results from the acceptance of a bid by an organ of state;. Person means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company, joint …

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, … 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

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 …

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 … northern illinois disposal servicesWebIndemnity is protection against loss or harm — it is most often used in insurance. If you suffer an injury or there's damage to your house, an indemnity makes up for the loss — … northern illinois farm showWebAn indemnitor is a person or organization (usually an insurance company) that provides indemnity —protection or security against damage or loss, or compensation for … northern illinois fire inspectors associationWebMar 16, 2024 · Repayment; compensation for loss or injury. quotations . 1859, John Russell, 1st Earl Russell, The Life and Times of Charles James Fox, volume II, London: Richard … northern illinois farmland for saleWebindemnity. 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 … how to roll a pie crustWebTranslation Context Grammar Check Synonyms Conjugation Documents Dictionary Collaborative Dictionary Grammar Expressio Reverso Corporate More ... The buyer shall take out sufficient insurance against all possible claims and liabilities emanating from the indemnity given in article 15.1. northern illinois fish swapWebOct 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 ... northern illinois food bank golf outing