WebDefine THIS GUARANTEE AND INDEMNITY. means this Deed of Guarantee and Indemnity; (d) the expression "PERSON" includes an individual, the estate of an individual, a body politic, corporation and a statutory or other authority or association (incorporated or unincorporated); (e) a reference to any party includes that party's executors, … WebApr 13, 2024 · 1. CONTRACT OF INDEMNITY: According to dictionary meaning, indemnity is protection against loss especially in the form of a promise to pay or payment for loss of …
Indemnification Definition & Meaning - Merriam-Webster
WebIndemnification can mean that in policies written on an indemnification basis, the insurer... indemnify. To indemnify is to make compensation to an entity, person, or insured for incurred injury, loss, or... indemnitee. The indemnitee is the person or organization that is held harmless in a contract (by the... indemnitor. WebNov 14, 2024 · This article shall written by Gauri Atreja, pursuing Diploma in Advanced Contract Drafting, Negotiation, and Dispute Image from LawSikho. The article has been … literacy milestones
Indemnity in contracts - What
WebThe meaning of INDEMNIFICATION is the action of indemnifying. the action of indemnifying; the condition of being indemnified; indemnity… See the full definition WebApr 13, 2024 · 1. CONTRACT OF INDEMNITY: According to dictionary meaning, indemnity is protection against loss especially in the form of a promise to pay or payment for loss of money, goods etc. It is a security against, or compensation for loss etc. As mentioned above, the word indemnity is derived from the Latin word “indemnis”, which means freedom from ... 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 … In law, compensation that one party is required to make to another for some … We would like to show you a description here but the site won’t allow us. Just as I was opening the outer door, I remembered the twenty francs which I … Agricultural Law: The body of law governing the cultivation of various crops and the … indemnity insurance: Managed care A type of health insurance in which a Pt can … act of indemnity: legislation passed to relieve persons of the penal … Double Indemnity: A term of an insurance policy by which the insurance company … indictable offence: an offence is indictable if it itself may be tried on indictment or is … incumbrance: n. a general term for any claim or lien on a parcel of real property. … indemnity: Recompense for loss, damage, or injuries; restitution or reimbursement. … literacy mid south