Dictionary indemnity
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 … 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
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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. WebIndemnity 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 — …
WebSecurity; insurance; exemption from loss or damage, past or to come; immunity from penalty, or the punishment of past offenses; amnesty. By Noah Webster. Security … 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
WebAn indemnitor is a person or organization (usually an insurance company) that provides indemnity —protection or security against damage or loss, or compensation for … 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’.
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: …
Webnoun 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) … granthi in ayurvedaWebnoun. in· dem· ni· ty in-ˈdem-nət-ē. plural indemnities. 1. : protection from loss, damage, or injury : insurance. 2. : freedom from penalty for past offenses. 3. : something given to … chip carving platesWebindemnity 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. chip carving practice boardsWebindemnified; 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 … granthik mallickWebAn 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 grant highwayWebDefinition: 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 … grant hilbornWebFrom 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 ... chip carving plans