Dictionary indemnify
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: … 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.
Dictionary indemnify
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WebWhat does indemnification mean? Indemnification is the act of providing protection or security against potential damages or loss or compensating someone for damages or … 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 …
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... WebMar 26, 2024 · indemnify in American English (ɪnˈdemnəˌfai) transitive verb Word forms: -fied, -fying 1. to compensate for damage or loss sustained, expense incurred, etc 2. to guard or secure against anticipated loss; give security against (future damage or liability) SYNONYMS 1. recompense, reimburse, repay.
WebApr 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 … WebIndemnity As Applied to Insurance Claims. A common example of indemnification happens with regard to insurance transactions. This often happens when an insurance company, …
Web(1) He promised to indemnify me for my losses. (2) 1They offered to indemnify us for our losses. (3) He promised to indemnify me for my losses. (4) They offered to indemnify us for our losses. (5) It doesn't have the money to indemnify everybody. (6) It doesn't have the money to indemnify everybody.
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 … dancing with the stars prior winnersWebindemnify Listen: UK:* /ɪnˈdɛmnɪ faɪ/ US: /ɪnˈdɛmnəˌfaɪ/ , (in dem′ nə fī′) définition Synonymes anglais en espagnol Conjugaison [FR] Conjugator [EN] en contexte images Inflections of ' indemnify ' ( v ): ( ⇒ conjugate) indemnifies v 3rd person singular indemnifying v pres p indemnified v past indemnified v past p WordReference Collins birling ashesWebDefine 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, ... dancing with the stars premiere tonightWebIndemnify. To compensate for loss or damage; to provide security for financial reimbursement to an individual in case of a specified loss incurred by the person. … birling character profileWebAn indemnitee is a person or organization that receives indemnity —protection or security against damage or loss, or compensation for damages or money spent. Insurance … dancing with the stars past seasons dvdWeb1 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. birling and company an inspector callsWebFeb 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. birling contest