Indemnity definition:
Contract with a third-party to perform another's obligations if called upon to do so by the third-party, whether the other has defaulted or not.
Indemnity
An agreement by one party that he will pay to another the amount of liability which may be suffered by the second party is known as Indemnity.
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Indemnity
Compensation for loss,damages or injuries that have already occurred or will occur in future.
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INDEMNITY - An agreement whereby one party agrees to secure another against an anticipated loss or damage.
Indemnity:
The act of one party protecting or guaranteeing protection, or freedom from liability, of a third party for actions of that party.
Indenture:
Any deed, written contract or sealed agreement.
Indemnity from Suit: A situation in which one party has agreed to sueanother party, e.g., for patent infringement.
indemnity pl: -ties 1 a : security against hurt, loss, or damage b : exemption from incurred penalties or liabilities 2 a : indemnification b : something (as a payment) that indemnifies compare ...
intangible asset see asset ...
Indemnity: Insurance against a possible loss; security with compensation for damages or loss.
Indemnity
The right of a person who has discharged a duty which should have been discharged by another to collect reimbursement from the party who should have discharged the obligation.
indemnity: Security against loss or damages, exemption from penalty or liability, amount paid as compensation under an indemnity agreement.
indemnity
n. the act of making someone "whole" (give equal to what they have lost) or protected from (insured against) any losses which have occurred or will occur.
indemnity: An obligation to provide compensation (usually money) for a loss, injury, or damage.
INDEMNITY. That which is given to a person to prevent his suffering damage. 2 McCord, 279.
indemnity
Compensation for a wrong done, or an expense or loss suffered as a result of the act or default of another. Verb: indemnify.
ITP (Independent Third Person) ...
Term: Indemnity
Definition: The right of a person who has discharged a duty which should have been discharged by another to collect reimbursement from the party who should have discharged the obligation.
Indemnity Bond (insurance term)
Obligor (in banking)
Surety Bond (business term)
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Double indemnity
Definition - Noun
: a provision in a life insurance or accident policy whereby the company agrees to pay twice the face of the contract in case of accidental death
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Partial Indemnity Costs(see Costs)ParticularsThe details of a claim. A court may order a party to provide additional "particulars" to: define any issues; prevent surprise; enable the parties to get ready for trial; and facilitate a hearing.
Until very recently "party and party" costs were found to be a very imperfect indemnity to the successful litigant; ...
P&I: protection and indemnity, an insurance term.
Pallet: a flat tray, generally made of wood but occasionally of steel, on which goods particularly those in boxes, cartons or bags, can be stacked.
DAMAGES
practice. The indemnity given by law, to be recovered from a wrong doer by the person who has sustained an injury, either in his person, property, or... more ...
 See also: Law, Person, Party, Court, Contra
  
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