Dictionary indemnify
Webindemnify ( ɪnˈdɛmnɪˌfaɪ) vb ( tr) , -fies, -fying or -fied 1. (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 WebFeb 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.
Dictionary indemnify
Did you know?
WebIndemnify. 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. … 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 …
WebTo save harmless; to secure against loss or damage; to insure. To make restitution or compensation for, as for that which is lost; to make whole; to reimburse; to compensate. … Webto protect someone against legal responsibility for their actions: He cannot sue, because the government had indemnified the company. The state is required to indemnify …
WebTo 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 — … 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, …
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 ...
WebTừ điển dictionary4it.com. Qua bài viết này chúng tôi mong bạn sẽ hiểu được định nghĩa protection & Indemnity (P&I) là gì.Mỗi ngày chúng tôi đều cập nhật từ mới, hiện tại đây là bộ từ điển đang trong quá trình phát triển cho nên nên số lượng từ hạn chế và thiếu các tính năng ví dụ như lưu từ vựng, phiên ... how can you develop gritWebNATIONAL 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 … how many people speak english as 1st languageWeb(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. how many people speak english in finlandWebApr 13, 2024 · Definition of INDEMNIFY-----Susan Miller (2024, March 8.) What is Indemnify definition? www.language.foundation© 2024 Proficiency in English Language... how can you develop a well balanced dietWebIndemnity As Applied to Insurance Claims. A common example of indemnification happens with regard to insurance transactions. This often happens when an insurance company, … how many people speak english in 2022Webindemnify [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 … how can you develop a positive body imageWebIndemnity 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 … how many people speak english in greece