Dictionary indemnify

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August undefined, 2024

Web1 a : coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril b : the business of insuring persons or property c : the sum for which something is insured 2 : a means of guaranteeing protection or safety The contract is your insurance against price changes. WebTo pay compensation for a loss, damages, or similar expense is to indemnify. "The insurance company indemnified its customers for their claims after the severe storm — …

Indemnify definition and meaning Collins English Dictionary

WebWhat does indemnification mean? Indemnification is the act of providing protection or security against potential damages or loss or compensating someone for damages or … WebThe meaning of INDEMNIFICATION is the action of indemnifying. that insurance company is known to be slow when processing claims for indemnification hillary it takes a village quote

Indemnification Clauses in Commercial Contracts

WebWhat is indemnification? Indemnification, also referred to as indemnity, is an undertaking by one party (the indemnifying party) to compensate the other party (the indemnified party) for certain costs and expenses, … WebFeb 27, 2024 · According to Black’s Law Dictionary (10 th ed. 2014), indemnity is a “duty to make good any loss, damage, or liability incurred by another.” At its core, an indemnification is a promise to reimburse a person for a loss incurred by that person. Often, the obligation to indemnify is limited to third party claims. Webindemnified; indemnifying 1 : to insure or protect against loss, damage, or injury 2 : to give something in order to make up for loss, damage, or injury indemnify victims of a disaster indemnification -ˌdem-nə-fə-ˈkā-shən … hillary irwin fleet stepper

Indemnified - definition of indemnified by The Free Dictionary

Indemnification: Everything You Need to Know - UpCounsel

Web1. (Law) to secure against future loss, damage, or liability; give security for; insure 2. to compensate for loss, injury, expense, etc; reimburse inˌdemnifiˈcation n inˈdemniˌfier n Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014 WebIndemnity. Recompense for loss, damage, or injuries; restitution or reimbursement. An indemnity contract arises when one individual takes on the obligation to pay for any loss … hillary investment taxWebindemnity 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: … smart card reader ipad

"WebNov 4, 2024 · Reimbursement or compensation for loss, damage, or liability in tort; esp., the right of a party who is secondarily liable to recover from the party who is primarily liable for reimbursement of expenditures paid to a third party for injuries resulting from a violation of a common-law duty. " - Dictionary indemnify

Dictionary indemnify

Who is an Indemnitee? - Definition from Insuranceopedia

WebTo 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 … Webindemnify 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 or loss: In return for a premium, the underwriter agrees to indemnify the insured against losses covered by the insurance.

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WebApr 12, 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 exemption from liability for... WebNATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA, AND STARR INDEMNITY & LIABILITY INSURANCE COMPANY; from Harris County; 1st Court of Appeals District (01-19-00852-CV, 658 SW3d 305, 09-21-21) ... The umbrella policy’s definition of “Scheduled Underlying Insurance” includes National Union’s primary policy …

Webindemnify Listen: UK:* /ɪnˈdɛmnɪ faɪ/ US: /ɪnˈdɛmnəˌfaɪ/ , (in dem′ nə fī′) définition Synonymes anglais en espagnol Conjugaison [FR] Conjugator [EN] en contexte images Inflections of ' indemnify ' ( v ): ( ⇒ conjugate) indemnifies v 3rd person singular indemnifying v pres p indemnified v past indemnified v past p WordReference Collins WebOct 28, 2024 · Indemnification means one party agrees to pay losses incurred by another to a third party. For example, if you were a business owner selling Widget XYZ as an original design to a retailer, and your contract with the retailer contains an indemnity clause, you, rather than the retailer, would be responsible to pay the retailer’s legal costs and ...

WebAn indemnitee is a person or organization that receives indemnity —protection or security against damage or loss, or compensation for damages or money spent. Insurance … WebThe 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 …

WebINDEMNIFY Definition & Legal Meaning Definition & Citations: To save harmless; to secure against loss or damage; to give security for the reimbursement of a person in case of an anticipated loss falling upon him. Also to make good; to compensate; to make reimbursement to one of a loss already incurred by him. Cousins v.

WebIndemnity As Applied to Insurance Claims. A common example of indemnification happens with regard to insurance transactions. This often happens when an insurance company, … smart card reader h\\u0027mc installationWebto protect someone against legal responsibility for their actions: He cannot sue, because the government had indemnified the company. The state is required to indemnify … hillary issuesWebindemnify ( ɪnˈdɛmnɪˌfaɪ) vb ( tr) , -fies, -fying or -fied 1. (Law) to secure against future loss, damage, or liability; give security for; insure 2. to compensate for loss, injury, expense, … hillary it\\u0027s her turnWebApr 13, 2024 · Definition of INDEMNIFY-----Susan Miller (2024, March 8.) What is Indemnify definition? www.language.foundation© 2024 Proficiency in English Language... hillary isebrandsWebAug 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 … smart card reader for surface proWebIndemnity 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 … hillary itelaWebindemnify verb [ T ] finance & economics formal or specialized uk / ɪnˈdem.nɪ.faɪ / us / ɪnˈdem.nə.faɪ / to protect someone or something against possible damage or loss by … smart card reader for windows 10