Dictionary indemnify

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WebTo indemnify is to insure someone against potential damages or loss or to compensate someone for damages or money spent. Insurance coverage ind e mnifies a person by … 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 — …

Insurance Definition & Meaning - Merriam-Webster

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 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. im in the money im in the money

"Indemnification" or "Indemnity"? - Adams on Contract Drafting

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. 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. 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 … im in the kitchen and im whippin

The Art of Holding Harmless: Indemnification Provisions in …

INDEMNIFY English meaning - Cambridge Dictionary

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 ... 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. i m in the mood againWebNov 4, 2024 · Reimbursement or compensation for loss, damage, or liability in tort; esp., the right of a party who is secondarily liable to recover from the party who is primarily liable for reimbursement of expenditures paid to a third party for injuries resulting from a violation of a common-law duty. im in the mood for a melody by robert plant

"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 … " - Dictionary indemnify

Dictionary indemnify

Indemnify definition and meaning Collins English Dictionary

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, … WebThe meaning of INDEMNIFICATION is the action of indemnifying. that insurance company is known to be slow when processing claims for indemnification

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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 … 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.

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, … WebAug 27, 2015 · To indemnify means to compensate another party for losses or damages that have occurred, or which may occur in the future. It is a common practice for one party to …

Webindemnity - English-French Dictionary WordReference.com indemnity Listen: UK:* /ɪnˈdɛmnɪ ti/ US: /ɪnˈdɛmnɪti/ , (in dem′ ni tē) définition Synonymes anglais collocations anglaises Conjugaison [FR] Conjugator [EN] en contexte images Inflections of ' indemnity ' ( n ): npl: indemnities WordReference Collins WR Reverse (5) 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 …

Webindemnify 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

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: … im in the money spyroWebTừ 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 ... list of public lawsWebindemnify [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 … list of public hospitals in south africaWebTo 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. … list of public holidays in singaporeWebDefine 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, ... im in the lords army chordsWebDec 27, 2024 · Indemnification is a legal agreement by one party to hold another party blameless – not liable – for potential losses or damages. It is similar to a liability waiver … list of public holidays in mauritius 2022WebApr 13, 2024 · Definition of INDEMNIFY-----Susan Miller (2024, March 8.) What is Indemnify definition? www.language.foundation© 2024 Proficiency in English Language... list of public hospital in manila