Meaning of indemnified

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August undefined, 2024

WebDefine indemnifier. indemnifier synonyms, indemnifier pronunciation, indemnifier translation, English dictionary definition of indemnifier. tr.v. in·dem·ni·fied , in·dem·ni·fy·ing , in·dem·ni·fies 1. WebAug 13, 2024 · Indemnity is defined as "a duty to make good any loss, damage, or liability incurred by another" (Black's Law Dictionary). The term comes from a late Middle English word meaning "unhurt, free from loss." The principles described in the terms "indemnity" and "indemnify" are interrelated so these terms are defined and explained together.

Indemnified - definition of indemnified by The Free …

Web1 : to protect (someone) by promising to pay for the cost of possible future damage, loss, or injury The policy indemnifies [= insures] you against/for any losses caused by fire. [=the policy promises that if fire destroys things that you own, you will be … WebApr 12, 2024 · indemnify in American English. (ɪnˈdɛmnɪˌfaɪ ) verb transitive Word forms: inˈdemniˌfied or inˈdemniˌfying. 1. to protect against or keep free from loss, damage, etc.; … local banks with zelle

Indemnified definition and meaning Collins English Dictionary

WebTo compensate for loss or damage; to provide security for financial reimbursement to an individual in case of a specified loss incurred by the person. Insurance companies … Webindemnified See definition of indemnified on Dictionary.com as in paid as in repaid synonyms for indemnified Compare Synonyms compensated salaried recompensed … Web1. to secure against future loss, damage, or liability; give security for; insure 2. to compensate for loss, injury, expense, etc; reimburse Collins English Dictionary. Copyright … indian bank holiday home list

What is another word for indemnified - WordHippo

Indemnity in Business Contracts

WebOct 8, 2024 · The person who is covered by the indemnity is known as the indemnified party. An indemnity comes in various forms. For ease of explanation, a goods supplier is the indemnifier, a customer is the indemnified party. ... if there is a breach of contract. Therefore, indemnity clauses are often the focus during contract negotiations. The … Webindemnity. an undertaking by one person to make good losses suffered by another. Frequently confused with guarantee, an indemnity is a primary obligation that is enforceable irrespective of whether the beneficiary could sue the person responsible for causing the loss. On the other hand, a guarantee is a secondary obligation to pay a specified ... local baptist vacation bible school chadnlerWebWhat 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) … local banners

"WebIndemnified Liability means any and all claims, damages, liabilities, costs, losses, and expenses (including reasonable attorneys’ fees and all related costs and expenses) arising from or relating to any claim, suit, proceeding, demand, or action brought by an Indemnified Party against you or a third party or other User. " - Meaning of indemnified

Meaning of indemnified

Indemnify definition and meaning Collins English Dictionary

WebIn 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. The duty to indemnify is usually, but not always, coextensive with the contractual duty to "hold harmless" or "save harmless". WebDefinition 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 …

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WebThe meaning of INDEMNIFY is to secure against hurt, loss, or damage. How to use indemnify in a sentence. Synonym Discussion of Indemnify. ... indemnified; indemnifying. … WebMay 5, 2024 · By Taylor Brown – May 5, 2024. For many reasons, one of the most contentious terms in any contract negotiation tends to be an indemnity clause. First, it’s an explicit definition of liability once fault is determined, and may even impose obligations before any formal determination of fault. Second, the liability impositions may have a ...

WebIndemnification is the act of providing protection or security against potential damages or loss or compensating someone for damages or money spent. Indemnification is the act … Webindemnify somebody (for something) to pay somebody an amount of money because of the damage or loss that they have suffered The tenant is legally required to indemnify the landlord for any damage caused to the property.

Web1 day ago · The word “consumer” is the fulcrum of the Act. Since the Act hinges on the twin concepts of defect in goods or any deficiency in service, a consumer is one who buys any goods or hires any service. The term “consumer” has, thus, been defined to mean a person who is –. (a) a buyer, or. WebIndemnified Claim has the meaning set forth in Section 8.2. Investor Indemnified Party is defined in Section 4.1. Third party claimant means any individual, corporation, association, partnership, or other legal entity asserting a claim against any individual, corporation, association, partnership, or other legal entity insured under an ...

WebTranslations in context of "to indemnify and keep indemnified" in English-French from Reverso Context: 6.6 You agree to indemnify and keep indemnified 123 Auto Credit.

WebTo compensate for loss or damage; to provide security for financial reimbursement to an individual in case of a specified loss incurred by the person. Insurance companies … local bar and grill omaha neWebto protect someone against legal responsibility for their actions: He cannot sue, because the government had indemnified the company. The state is required to indemnify … while definition: 1. during the time that, or at the same time as: 2. despite the fact that; … indemnified meaning: 1. past simple and past participle of indemnify 2. to pay or … incurred definition: 1. past simple and past participle of incur formal 2. past simple … parcel definition: 1. an object or collection of objects wrapped in paper, especially … agriculture definition: 1. farming: 2. farming: 3. the practice or work of farming: . Learn … attendance definition: 1. the fact of going somewhere such as a church, school, … indemnified definicja: 1. past simple and past participle of indemnify 2. to pay or … associated definition: 1. connected: 2. connected: 3. used in the names of … pollution definition: 1. damage caused to water, air, etc. by harmful substances or … secretary definition: 1. someone who works in an office, writing letters, making phone … local bank with highest interest rateWebFrom Longman Business Dictionary in‧dem‧ni‧fy /ɪnˈdemnɪfaɪ/ verb (past tense and past participle indemnified) 1 [ intransitive, transitive] to promise to pay for a financial loss that … local banner makers