2024 The meaning of indemnify

The meaning of indemnify

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August undefined, 2024

Splet12. apr. 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. SpletDefinition of indemnify as in to compensate to provide (someone) with a just payment for loss or injury the company generously indemnifies workers who are injured on the job …

Indemnification: Everything You Need to Know - UpCounsel

SpletThe 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 … Spletnoun in· dem· ni· ty in-ˈdem-nə-tē plural indemnities Synonyms of indemnity 1 a : security against hurt, loss, or damage b : exemption from incurred penalties or liabilities 2 a : … oh baby it\\u0027s a wild world song

Indemnity Definition & Meaning - Merriam-Webster

SpletIn 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 … Spletindemnified; 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 … Splet26. mar. 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 … oh baby it\\u0027s christmas all over again

Indemnify Definition & Meaning YourDictionary

Indemnify Examples, Processes - Legal Dictionary

SpletAn indemnity is routinely included within a contract of guarantee because an indemnity, as a primary obligation, is likely to be less vulnerable to challenges than a guarantee. For more … Spletindemnity 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: indemnity … oh baby it\u0027s christmas all over againSplet27. dec. 2024 · Black’s Law Dictionary defines “indemnify” as an act establishing “a duty of party A” to “make good any loss, damage, or liability incurred by party B.” The basic concept of indemnity is that of “holding harmless” – by means of indemnification, party A agrees to hold party B blameless in the event of possible loss or damage. my guest.ey.net

"Spletin·dem·ni·fy 1. To protect against damage, loss, or injury; insure. 2. To make compensation to for damage, loss, or injury suffered. " - The meaning of indemnify

The meaning of indemnify

Indemnify Definition & Meaning Dictionary.com

Splet28. jan. 2024 · An “indemnity” is a core risk shifting provision of a legal contract, obligating one party (the “indemnitor” or the “indemnifying party”) to compensate and reimburse (or “indemnify”) the other... Splet24. jul. 2024 · The inherent meaning of “hold harmless” is subject to interpretation. The prevailing interpretation is that “hold harmless” and “indemnify” are synonymous.

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SpletTo compensate for loss or damage; to provide security for financial reimbursement to an individual in case of a specified loss incurred by the person. Insurance companies … Splet24. jul. 2024 · Indemnification, according to the court, is “an offensive right—a sword—allowing the indemnitee to seek indemnification.” On the other hand, hold harmless is a defensive measure providing “ [t]he...

Splet1 a : the action of indemnifying b : the condition of being indemnified 2 : indemnity sense 2b Synonyms compensation damages indemnity quittance recompense recoupment redress remuneration reparation reprisal (s) requital restitution satisfaction See all Synonyms & Antonyms in Thesaurus Example Sentences SpletIndemnification is the act of indemnifying —providing indemnity. Indemnity is the protection. Insurance coverage indemnifies a person by insuring them for certain …

Splet21. jul. 2024 · The words defend, hold harmless, and indemnify must be included in an indemnification clause. Essentially, hold harmless and indemnify mean the exact same thing. ... For instance, if your contract includes a mutual indemnification clause, it means that both contracted parties have agreed to cover losses that result from a breach of …

Splet28. jan. 2024 · Using the obligation to indemnify, the duty to defend, and the obligation to hold harmless properly in contracts helps ensure a party is taking on the right amount of …

Splet12. apr. 2024 · indemnify in American English. (ɪnˈdɛmnɪˌfaɪ ) verb transitive Word forms: inˈdemniˌfied or inˈdemniˌfying. 1. to protect against or keep free from loss, damage, etc.; … oh baby it\u0027s cold outsideSpletindemnify 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 … my guest tonight with annika larsen etvSpletINDEMNIFY meaning: 1 : to protect (someone) by promising to pay for the cost of possible future damage, loss, or injury; 2 : to give (someone) money or another kind of payment … oh baby it\\u0027s cold outside lyricsSplet28. okt. 2024 · Indemnification means one party agrees to pay losses incurred by another to a third party. 4 min read 1. Indemnification: What is it? 2. Why Is an Indemnity Clause Important? 3. Reasons to Consider Not Indemnifying: 4. Reasons to Consider Indemnifying: 5. Example: Your Contract Contains a Well-Drafted Indemnity Clause 6. With Indemnity 7. my guest has a byzantine beautySplet05. nov. 2024 · To indemnify is to make a payment to another to reimburse a loss. Insurance companies indemnify policyholders for covered losses. Guaranteed indemnification of covered losses is a basic principle of insurance, and it is the main reason why people buy insurance for various risks. Advertisement. oh baby it\u0027s cold outside imagesSpletIndemnity 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 … oh baby it\\u0027s cold outside songSpletFrom Longman Dictionary of Contemporary English Related topics: Law, Insurance indemnify in‧dem‧ni‧fy / ɪnˈdemnɪfaɪ / verb (indemnified, indemnifying, indemnifies) … oh baby it\u0027s cold outside lyrics