Over indemnification definition

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August undefined, 2024

Webnoun the act of indemnifying; state of being indemnified. something that serves to indemnify; compensation. OTHER WORDS FOR indemnification 2 payment, amends, …

INDEMNIFICATION Synonyms: 60 Synonyms & Antonyms for

Webindemnified; indemnifying 1 : to secure against hurt, loss, or damage 2 : to compensate or reimburse for incurred hurt, loss, or damage indemnifier noun Etymology Latin indemnis unharmed, from in- not + damnum … WebIndemnity can take many forms, but the most common types of indemnity claims ... white paper, it is notable that the theory evolved over many years from a rule holding that ... voluntarily define their duties toward one another, including clauses requiring one party . 5 to pay, or indemnify, the other against certain claims or losses. The ... fe ncs 6 3-

15 Synonyms of INDEMNIFY Merriam-Webster Thesaurus

WebOn appeal, the court found that the action over endorsement precluded coverage for the claim for indemnification by the utility against the insured. The court observed that the … 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 … Webindemnification indemnity quittance recompense redress reparation reprisal requital restitution restoration satisfaction atonement nouncompensation amends expiation indemnification payment penance propitiation recompense redemption redress reparation restitution satisfaction compensation nounrepayment; rectification advantage allowance … dehavilland electric amplifier company

What Is an Indemnity Clause? - UpCounsel

INDEMNIFY English meaning - Cambridge Dictionary

WebDec 10, 2024 · The word indemnity means security or protection against a financial liability. It typically occurs in the form of a contractual agreement made between parties in which one party agrees to pay for losses or damages suffered by the other party. WebMar 27, 2024 · An indemnity policy is a type of insurance that protects a property’s owner from any costs that might come up related to certain types of defects or more obscure legal issues. The policy allows you to complete the sale when another legal solution might take too long, or is otherwise impossible. The seller and buyer basically agree that it’s ... fency potting benchWebIndemnification’s definition is where one party compensates someone else for a loss, typically a third party’s loss. Indemnification’s business definition is often understood … fenda history reborn

"WebIndemnification Provisions starting a Purchase Agreement - Definition Definite representations will a longer survival period than other provisions. Generally, representations hood corporate organization, authority and capitalization; title until storage; taxes; environmental matters; and ERISA often survive time to expiration of the … " - Over indemnification definition

Over indemnification definition

INDEMNIFICATION Synonyms: 60 Synonyms & Antonyms for

WebAn indemnification provision is one of the most common and frequently used provisions when negotiating any type of contract, and yet the parties to a contract often don’t understand the meaning. Indemnity is defined by Black’s Law Dictionary as “a duty to make good any loss, damage, or liability incurred by another.” 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: …

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WebOct 8, 2024 · An indemnity in a contract is a promise by one party to compensate the other party for loss or damage suffered by the other party during contract performance. An indemnity is also known as a ‘hold harmless’ clause as one party agrees to hold the other party harmless. Alternatively, they are ‘make good’ clauses where the other party is ... Web1 a : security against hurt, loss, or damage b : exemption from incurred penalties or liabilities 2 a : indemnification sense 1 b : something that indemnifies 3 : fee-for-service usually …

WebDefine indemnification. indemnification synonyms, indemnification pronunciation, indemnification translation, English dictionary definition of indemnification. n. 1. a. The act of indemnifying. b. The condition of being indemnified. 2. Something that indemnifies; a compensation for loss. American Heritage®... WebMeaning of indemnify in English indemnify verb [ T ] uk / ɪnˈdem.nɪ.faɪ / us / ɪnˈdem.nə.faɪ / finance & economics formal or specialized to pay or promise to pay someone an …

WebThe act or process of indemnifying, preserving, or securing against loss, damage, or penalty; reimbursement of loss, damage, or penalty; the state of being indemnified. From Project … WebIndemnity is compensation to a party for a loss or damage that has already occurred or to guarantee... indemnity contract An indemnity contract is an agreement to pay on behalf …

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 indemnifies [= insures] you against/for any losses caused by fire. [=the policy promises that if fire destroys things that you own, you will be given money to buy new ...

Webindemnify definition: 1. to pay or promise to pay someone an amount of money if they suffer damage or loss: 2. to…. Learn more. de havilland dhc-4 caribou aircraft for saleWebMar 26, 2024 · verb transitive Word forms: inˈdemniˌfied or inˈdemniˌfying. 1. to protect against or keep free from loss, damage, etc.; insure. 2. a. to repay for what has been lost or damaged; compensate for a loss, etc.; reimburse. b. to redeem or make good (a loss) dehavilland dash 8 turbopropWebAug 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 guarantee it will compensate another party for any loss that may occur due to a contractual obligation. To explore this concept, consider the indemnify definition. de havilland dhc-8 400 narrowbody turboprop