Dictionary indemnify
WebMar 26, 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. WebApr 12, 2024 · Indemnity is a comprehensive form of insurance compensation for damages or loss. In this type of arrangement, one party agrees to pay for potential losses or …
Dictionary indemnify
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WebAug 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 … 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, …
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 ... 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.
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 — … 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.
Webindemnity - English-French Dictionary WordReference.com indemnity Listen: UK:* /ɪnˈdɛmnɪ ti/ US: /ɪnˈdɛmnɪti/ , (in dem′ ni tē) définition Synonymes anglais collocations anglaises Conjugaison [FR] Conjugator [EN] en contexte images Inflections of ' indemnity ' ( n ): npl: indemnities WordReference Collins WR Reverse (5)
WebMar 26, 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 … ukraine news bot discordWebIndemnity. 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 … ukraine news cnn bingWebIndemnity 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 … thom browne size 1Webindemnify ( 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, … thom browne sneakersWebTo save harmless; to secure against loss or damage; to insure. To make restitution or compensation for, as for that which is lost; to make whole; to reimburse; to compensate. … ukraine news cnn sept 21Webindemnify ( 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, etc; reimburse inˌdemnifiˈcation n inˈdemniˌfier n thom browne square frame sunglassesWebindemnify [sth/sb] ⇒ vtr (insure) assurer⇒ vtr : The board took out insurance policies to indemnify several of their higher-ranked employees. indemnify [sb/sth] against [sth] vtr … thom browne striped woven swim shorts