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  1. www.investopedia.com › terms › iIndemnity: What It Means in Insurance and the Law - Investopedia

    Feb 25, 2024 · Indemnity is a comprehensive form of insurance compensation for damage or loss. In an indemnity arrangement, one party agrees to pay for potential losses or damage caused by another...

  2. dictionary.cambridge.org › dictionary › englishINDEMNITY | English meaning - Cambridge Dictionary

    INDEMNITY definition: 1. protection against possible damage or loss, especially a promise of payment, or the money paid…. Learn more.

  3. www.merriam-webster.com › dictionary › indemnityIndemnity Definition & Meaning - Merriam-Webster

    The meaning of INDEMNITY is security against hurt, loss, or damage. How to use indemnity in a sentence.

  4. en.wikipedia.org › wiki › IndemnityIndemnity - Wikipedia

    In contract law, an indemnity is a contractual obligation of one party (the indemnitor) to compensate the loss incurred by another party (the indemnitee) due to the relevant acts of the indemnitor or any other party. The duty to indemnify is usually, but not always, coextensive with the contractual duty to "hold harmless" or "save harmless".

  5. www.investopedia.com › terms › iWhat Is Indemnity Insurance? How It Works and Examples - ...

    Feb 26, 2024 · Indemnity insurance is an agreement wherein one party guarantees compensation for losses or damages incurred by another.

  6. www.legalzoom.com › articles › what-is-indemnity-and-why-is-it-importantWhat is indemnity and why is it important | LegalZoom

    Feb 2, 2024 · In legal terms, indemnity requires a nondelivering entity to compensate the aggrieved party for losses it incurred or expects to as a result of the nonperformance. An indemnity clause can also act an as exemption from liability from damages, so the wording of the agreement is extremely important.

  7. dictionary.cambridge.org › us › dictionaryINDEMNITY | definition in the Cambridge English Dictionary

    indemnity for/against sth The policy provides an indemnity for loss of or damage to third-party property. provide/offer (an) indemnity This insurance provides indemnity against legal costs and damages .

  8. www.insuranceopedia.com › definition › 93What is Indemnity? - Definition from Insuranceopedia

    Jun 9, 2023 · Indemnity is compensation or payment for losses or damages as part of a contractual agreement or insurance policy between two parties—the insurer and the insured—in return for premium payments.

  9. www.dictionary.com › browse › indemnityINDEMNITY Definition & Meaning | Dictionary.com

    Indemnity is commonly used in legal contracts to secure protection against being sued or being held responsible for an accident. It’s often seen in the phrase indemnity clause. The verb form of indemnity is indemnify, which means to provide such protection or security, typically in the form of insurance.

  10. www.oxfordlearnersdictionaries.com › definition › englishindemnity noun - Definition, pictures, pronunciation and usage...

    [uncountable] indemnity (against something) protection against damage or loss, especially in the form of a promise to pay for any damage or loss that happens. an indemnity clause/fund/policy; indemnity insurance

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