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Dictionary indemnify

WebBritannica Dictionary definition of INDEMNIFY [+ object] law 1 : to protect (someone) by promising to pay for the cost of possible future damage, loss, or injury The policy … WebINDEMNIFY Definition & Legal Meaning Definition & Citations: To save harmless; to secure against loss or damage; to give security for the reimbursement of a person in case of an anticipated loss falling upon him. Also to make good; to compensate; to make reimbursement to one of a loss already incurred by him. Cousins v.

Use "indemnify" in a sentence - TranslateEN.com

Webindemnify verb [ T ] finance & economics formal or specialized uk / ɪnˈdem.nɪ.faɪ / us / ɪnˈdem.nə.faɪ / to protect someone or something against possible damage or loss by … Webindemnify verb [ T ] uk / ɪnˈdem.nɪ.faɪ / us / ɪnˈdem.nə.faɪ / finance & economics formal or specialized to 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 covered by the insurance. danny the greaser in grease https://brazipino.com

Indemnify Definition & Meaning - Merriam-Webster

Webindemnify verb [ T ] uk / ɪnˈdem.nɪ.faɪ / us / ɪnˈdem.nə.faɪ / finance & economics formal or specialized to 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 covered by the insurance. Web1. (Law) to secure against future loss, damage, or liability; give security for; insure 2. to compensate for loss, injury, expense, etc; reimburse inˌdemnifiˈcation n inˈdemniˌfier n Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014 WebJul 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. birthday message for boss professional

Indemnity: What It Means in Insurance and the Law - Investopedia

Category:INDEMNITY English meaning - Cambridge Dictionary

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Dictionary indemnify

Indemnities - definition of indemnities by The Free Dictionary

WebNATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA, AND STARR INDEMNITY & LIABILITY INSURANCE COMPANY; from Harris County; 1st Court of Appeals District (01-19-00852-CV, 658 SW3d 305, 09-21-21) ... The umbrella policy’s definition of “Scheduled Underlying Insurance” includes National Union’s primary policy … Webindemnify [sth/sb] ⇒ vtr (insure) assurer⇒ vtr : The board took out insurance policies to indemnify several of their higher-ranked employees. indemnify [sb/sth] against [sth] vtr …

Dictionary indemnify

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WebAn indemnitee is a person or organization that receives indemnity —protection or security against damage or loss, or compensation for damages or money spent. Insurance … WebDefine 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, ...

WebThe definition of indemnify is to protect against loss, injury or damage or to pay someone for a loss they suffered. An example of indemnify is when your insurance provider pays … WebWhat does indemnification mean? Indemnification is the act of providing protection or security against potential damages or loss or compensating someone for damages or …

WebIndemnity is protection or security against damage or loss, or compensation for damages or money spent. Insurance coverage provides indemnity to a person (or organization) by … 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, …

Web1 a : coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril b : the business of insuring persons or property c : the sum for which something is insured 2 : a means of guaranteeing protection or safety The contract is your insurance against price changes.

WebApr 12, 2024 · Indemnity is a comprehensive form of insurance compensation for damages or loss. When the term indemnity is used in the legal sense, it may also refer to an exemption from liability for... birthday message for christianWebTo pay compensation for a loss, damages, or similar expense is to indemnify. "The insurance company indemnified its customers for their claims after the severe storm — … birthday message for cougarWebIndemnity. 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 … danny the street shirtWebFeb 27, 2024 · According to Black’s Law Dictionary (10 th ed. 2014), indemnity is a “duty to make good any loss, damage, or liability incurred by another.” At its core, an indemnification is a promise to reimburse a person for a loss incurred by that person. Often, the obligation to indemnify is limited to third party claims. birthday message for coworker cardWebApr 12, 2024 · Indemnity is a comprehensive form of insurance compensation for damages or loss. In this type of arrangement, one party agrees to pay for potential losses or … birthday message for coworker funnyWebto protect someone against legal responsibility for their actions: He cannot sue, because the government had indemnified the company. The state is required to indemnify … danny theybersbirthday message for daughter tagalog