The meaning of indemnify

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August undefined, 2024

Spletindemnify 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 … 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

Indemnity legal definition of indemnity - TheFreeDictionary.com

SpletIndemnity 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 … 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 … norman rockwell praying

Indemnify Examples, Processes - Legal Dictionary

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 … 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 … Splet25. maj 2024 · Synonyms of indemnify are as follows: Hold harmless Remunerate Put up money Settle accounts with Compensate Indemnification Agree to pay Make secure … how to remove turbotax

indemnify meaning of indemnify in Longman Dictionary of …

INDEMNITY English meaning - Cambridge Dictionary

SpletTo 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 … SpletRecompense for loss, damage, or injuries; restitution or reimbursement. An indemnity contract arises when one individual takes on the obligation to pay for any loss or damage that has been or might be incurred by another individual. norman rockwell print coming and going 1947SpletFrom Longman Dictionary of Contemporary English Related topics: Law, Insurance indemnify in‧dem‧ni‧fy / ɪnˈdemnɪfaɪ / verb (indemnified, indemnifying, indemnifies) … norman rockwell police officer and boy image

"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... " - The meaning of indemnify

The meaning of indemnify

What Is an Indemnity Clause in Australia? LegalVision

Splet13. apr. 2024 · Following the Company's 2024 Annual Meeting of Stockholders, the Board of Directors declared a quarterly dividend of 70 cents per share, payable June 9, 2024, to … Splet28. 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.

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Spletto 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 … indemnify meaning: 1. to pay or promise to pay someone an amount of money if they … 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 …

Splet13. apr. 2024 · Following the Company's 2024 Annual Meeting of Stockholders, the Board of Directors declared a quarterly dividend of 70 cents per share, payable June 9, 2024, to shareholders of record on May 31, 2024. This marks the 447th consecutive dividend paid by the Company or its affiliates since 1912. Splet30. jun. 2024 · An indemnity clause is a common provision in a contract where one party agrees to compensate the other party if harm or loss is incurred. It is an essential clause in a contract as it can have heavy consequences for the party offering the indemnity. Review these carefully if your contract includes a “hold harmless” or “make good” clause.

Splet10. dec. 2024 · What is Indemnity? 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 … Splet12. apr. 2024 · Indemnity is a comprehensive form of insurance compensation for damages or loss. When the term indemnity is used in the legal sense, it may also refer to an …

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 …

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 … norman rockwell prayerSpletIndemnify definition: To protect against damage, loss, or injury; insure. how to remove turbotax deluxe from orderSplet12. 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. how to remove turf by hand