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The meaning of indemnify

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. Splet13. mar. 2015 · Consider carefully whether to try and cap your liability under the indemnity. Again, look at the scope of the indemnity and your potential exposure. Although in some cases an unlimited indemnity may be …

Indemnity - Definition, Examples & Agreements in Business Law

Splet30. okt. 2024 · Indemnity insurance is an insurance policy designed to protect professionals and business owners when they are found to be at fault for a specific event such as misjudgment. Typical examples of ... SpletTo indemnify, also known as indemnity or indemnification, means compensating a person for damages or losses they have incurred or will incur related to a specified accident, incident, or event. Typically, parties make a written agreement in which one party (indemnitor) promises to indemnify the other party (indemnitee) for future specified losses. goldraub in texas https://byndthebox.net

Indemnity Definition Legal Glossary LexisNexis

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... SpletWhat does Indemnity mean? An indemnity is an agreement by one party (the indemnifying party) to bear the cost of certain losses or liabilities incurred by another party (the indemnified party) in certain circumstances. An indemnity will typically give rise to a right to an on demand payment without the need to prove a breach of contract. 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.; … goldraub in texas film

INDEMNIFYING English meaning - Cambridge Dictionary

Category:INDEMNIFY English meaning - Cambridge Dictionary

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The meaning of indemnify

What is to Indemnify? - Definition from Insuranceopedia

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 … 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 …

The meaning of indemnify

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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. 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 …

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... 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 : …

Splet27. avg. 2015 · Definition of Indemnify To protect someone, or some entity, from loss, damages, or injury that may occur in the future. To compensate someone, or some … 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 …

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 …

SpletIndemnify definition: To protect against damage, loss, or injury; insure. head of accessibility at microsoftSpletINDEMNIFY 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 … goldrausch charlie chaplin trailerSplet1 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 goldrausch in alaska youtubeSplet05. 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. head of accounting and taxSpletindemnified; 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 … goldrausch simulator downloadenSplet24. jul. 2024 · The inherent meaning of “hold harmless” is subject to interpretation. The prevailing interpretation is that “hold harmless” and “indemnify” are synonymous. head of account departmentSpletIn 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 … head of accounting