Dictionary indemnification
Webto pay or promise to pay someone an amount of money if they suffer damage or loss: In return for a premium, the underwriter agrees to indemnify the insured against losses … WebJul 21, 2024 · What Is Indemnification? When an indemnification clause is inserted into a contract, it is meant to transfer risk between the contracted parties. In most cases, these clauses are used to make sure that a potential loss will be compensated.
Dictionary indemnification
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WebOct 28, 2024 · Indemnification means one party agrees to pay losses incurred by another to a third party. 4 min read 1. Indemnification: What is it? 2. Why Is an Indemnity Clause Important? 3. Reasons to Consider Not Indemnifying: 4. Reasons to Consider Indemnifying: 5. Example: Your Contract Contains a Well-Drafted Indemnity Clause 6. With Indemnity 7. WebDefine Indemnification Assets. means any indemnification right or claim of the Acquired Companies or Related Consolidated Entities recognized as a Current Asset under the Accounting Principles and which represents a claim of Seller or any of the Acquired Companies or Related Consolidated Entities against third parties, but solely to the extent …
Webindemnification noun [ U ] uk / ɪnˌdem.nɪ.fɪˈkeɪ.ʃ ə n / us / ɪnˌdem.nə.fəˈkeɪ.ʃ ə n / finance & economics formal or specialized the act of paying or promising to pay someone an … WebDefinitions of indemnification noun an act of compensation for actual loss or damage or for trouble and annoyance see more noun a sum of money paid in compensation for loss or injury synonyms: amends, damages, indemnity, redress, restitution see more VocabTrainer™ Think you know valor? Answer a question to start your personalized …
Webindemnity. an undertaking by one person to make good losses suffered by another. Frequently confused with guarantee, an indemnity is a primary obligation that is … Webindemnified; 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 …
WebMar 27, 2024 · Indemnification definition: an indemnifying or being indemnified Meaning, pronunciation, translations and examples
WebWhat does indemnify mean? To indemnify is to insure someone against potential damages or loss or to compensate someone for damages or money spent. Insurance coverage ind … cannock hospital disabled parkingWebNov 29, 2024 · Indemnifications in legal terms are contractual provisions where one or both parties agree to compensate the other for any harm or loss resulting from damages caused by a third party. Insurance companies may require businesses to indemnify their vendors for liability coverage. cannock hospital car parkingWebIndemnity - Wikipedia Indemnity 13 languages Edit Tools Not to be confused with Coprographia. A female Oriental latrine fly ( Chrysomya megacephala) feeds on feces Coprophagia ( / ˌkɒprəˈfeɪdʒiə /) [1] or coprophagy ( / kəˈprɒfədʒi /) … fix weber spirit igniterWebDefine indemnity. indemnity synonyms, indemnity pronunciation, indemnity translation, English dictionary definition of indemnity. n. pl. in·dem·ni·ties 1. Security against damage, loss, or injury. 2. An exemption from liability for damages resulting from … fix-webm-durationWebDefine CROSS INDEMNIFICATION. Each party to this Agreement agrees to indemnify and hold the other party (the "non-breaching party") harmless against every loss, cost, damage or expense (including reasonable attorney's fees and expenses) incurred by the non-breaching party as a result of any breach by the other party of the terms of this … fixwebnodeWebNov 4, 2024 · 1. The action of compensating for loss or damage sustained. 2. The compensation so made. In terms of the frequency with which those terms occur in … cannock holiday innWebLaw dictionary Indemnification — In*dem ni*fi*ca tion, n. 1. The act or process of indemnifying, preserving, or securing against loss, damage, or penalty; reimbursement of loss, damage, or penalty; the state of being indemnified. [1913 Webster] Indemnification is capable of some … The Collaborative International Dictionary of English fixwebpacksourcepaths