Def indemnity
Webindemnity: 1 n protection against future loss Synonyms: insurance Type of: protection , shelter the condition of being protected n legal exemption from liability for damages Type of: exemption , freedom immunity from an obligation or duty n a sum of money paid in compensation for loss or injury Synonyms: amends , damages , indemnification , ...
Def indemnity
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WebDefine indemnity. indemnity synonyms, indemnity pronunciation, indemnity translation, English dictionary definition of indemnity. n. pl. in·dem·ni·ties 1. Security against … WebHandicap indemnity - Yiddish translation, definition, meaning, synonyms, pronunciation, transcription, antonyms, examples. English - Yiddish Translator.
WebIndemnify definition, to compensate for damage or loss sustained, expense incurred, etc. See more. WebBroad form indemnity agreement. Under a broad form indemnity agreement, a party is indemnified from liability even when that party is the sole cause of the liability. This type of indemnity agreement is rare and unenforceable in many states —including California—especially in construction contracts. Intermediate form indemnity agreement
Webindemnity. 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. WebView history. Tools. Professional liability insurance ( PLI ), also called professional indemnity insurance ( PII) but more commonly known as errors & omissions ( E&O) in the US, is a form of liability insurance which helps protect professional advice-, consulting, and service-providing individuals and companies from bearing the full cost of ...
WebThe meaning of INDEMNIFY is to secure against hurt, loss, or damage. How to use indemnify in a sentence. Synonym Discussion of Indemnify.
WebOct 28, 2024 · Indemnification means one party agrees to pay losses incurred by another to a third party. For example, if you were a business owner selling Widget XYZ as an original design to a retailer, and your contract with the retailer contains an indemnity clause, you, rather than the retailer, would be responsible to pay the retailer’s legal costs and ... roman headdressWebJul 15, 2024 · An “ indemnitee ” is the person or business that receives indemnity from another party, called the indemnifier, in a written agreement called an indemnity contract. An insurance contract is a type of indemnity contract. When you sign an insurance contract, you—as the indemnitee—agree to pay a certain price (the insurance premium) in ... roman heggendorn therwilWebIndemnity 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.”. roman headbandWebindemnify definition: 1. to pay or promise to pay someone an amount of money if they suffer damage or loss: 2. to…. Learn more. roman headphonesWebindemnity: 1 n protection against future loss Synonyms: insurance Type of: protection , shelter the condition of being protected n legal exemption from liability for damages Type … roman head of constantine 302 ceWebIndemnity As Applied to Insurance Claims. A common example of indemnification happens with regard to insurance transactions. This often happens when an insurance company, … roman headgearWebDefine indemnities. indemnities synonyms, indemnities pronunciation, indemnities translation, English dictionary definition of indemnities. n. pl. in·dem·ni·ties 1. Security against damage, loss, or injury. ... indemnity - a sum of money paid in compensation for loss or injury. amends, damages, indemnification, ... roman head wreath