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- Indemnity: What It Means in Insurance and the Law - Investopedia
Indemnity is a contractual agreement, commonly found in insurance policies, in which one party agrees to compensate the other for potential losses or damages in exchange for premium payments
- Indemnity - Wikipedia
In 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 of the indemnitor or any other party
- INDEMNITY Definition Meaning - Merriam-Webster
The meaning of INDEMNITY is security against hurt, loss, or damage How to use indemnity in a sentence
- INDEMNITY | English meaning - Cambridge Dictionary
INDEMNITY definition: 1 protection against possible damage or loss, especially a promise of payment, or the money paid… Learn more
- What Does the Term Indemnity Mean in Insurance? - LegalClarity
Insurance provides financial protection against unexpected losses, and indemnity ensures policyholders are restored to their previous financial position after a covered event This principle prevents individuals from profiting from claims while ensuring fair compensation for damages or losses
- Indemnity : Meaning, Workings, Types and Examples
Indemnity protects you from losing money or getting hurt It means that one party pays another for possible responsibilities The word "Indemnity" is often used in insurance policies Its goal is to get the party that was compensated back to where it was financially before
- Indemnity Definition Meaning | Clear Simple
Indemnity is a legal concept in U S law where one party agrees to compensate another for certain damages or losses It serves as a protection mechanism, ensuring that the indemnified party is financially safeguarded against specific risks outlined in an agreement
- Indemnity legal definition of indemnity
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 or damage that has been or might be incurred by another individual
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