Dictionary indemnification

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August undefined, 2024

WebWhat does indemnification mean? Indemnification is the act of providing protection or security against potential damages or loss or compensating someone for damages or … Webindemnify v. to guarantee against any loss which another might suffer. Example: two parties settle a dispute over a contract, and one of them may agree to pay any claims which may arise from the contract, holding the other harmless. (See: hold harmless) Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved. indemnify

Indemnification definition and meaning Collins English Dictionary

Webdefinition. Indemnification Reserve means the Indemnification Shares. Indemnification Reserve is defined in Section 7.9. Indemnification Reserve means a reserve established by the Trustee from the Liquidating Trust Assets to satisfy any obligations that the Debtors may have under Section 11.3 of the PSA to indemnify the Purchasers. WebMar 27, 2024 · Indemnification definition: an indemnifying or being indemnified Meaning, pronunciation, translations and examples goodrich family in america

Indemnification Assets Definition Law Insider

WebIndemnity - Wikipedia Indemnity 13 languages Edit Tools Not to be confused with Coprographia. A female Oriental latrine fly ( Chrysomya megacephala) feeds on feces Coprophagia ( / ˌkɒprəˈfeɪdʒiə /) [1] or coprophagy ( / kəˈprɒfədʒi /) … Webnoun in· dem· ni· fi· ca· tion in-ˌdem-nə-fə-ˈkā-shən Synonyms of indemnification 1 a : the action of indemnifying b : the condition of being indemnified 2 : indemnity sense 2b … WebSecurity against loss, damage, or penalty; indemnification or compensation for loss or injury sustained. 1914 - Nuttall's Standard dictionary of the English language. By Nuttall, … chestnut or buckeye what\\u0027s the difference

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Indemnity: What It Means in Insurance and the Law - Investopedia

WebWhat does indemnify mean? To indemnify is to insure someone against potential damages or loss or to compensate someone for damages or money spent. Insurance coverage ind … 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 … chestnut orchard farm robbinsville ncWebindemnification. noun. Something to make up for loss or damage: amends, compensation, indemnity, offset, quittance, recompense, redress, reimbursement, remuneration, … goodrich family photography

"Web1 a : security against hurt, loss, or damage b : exemption from incurred penalties or liabilities 2 a : indemnification sense 1 b : something that indemnifies 3 : fee-for-service usually … " - Dictionary indemnification

Dictionary indemnification

Indemnification - Definition, Meaning & Synonyms

WebJul 24, 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 ... Webindemnity 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: …

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WebOct 28, 2024 · Indemnification means one party agrees to pay losses incurred by another to a third party. 4 min read 1. Indemnification: What is it? 2. Why Is an Indemnity Clause Important? 3. Reasons to Consider Not Indemnifying: 4. Reasons to Consider Indemnifying: 5. Example: Your Contract Contains a Well-Drafted Indemnity Clause 6. With Indemnity 7. WebDefine indemnity. indemnity synonyms, indemnity pronunciation, indemnity translation, English dictionary definition of indemnity. n. pl. in·dem·ni·ties 1. Security against damage, loss, or injury. 2. An exemption from liability for damages resulting from …

WebDefinitions of indemnification noun an act of compensation for actual loss or damage or for trouble and annoyance see more noun a sum of money paid in compensation for loss or injury synonyms: amends, damages, indemnity, redress, restitution see more VocabTrainer™ Think you know valor? Answer a question to start your personalized … WebDefine Indemnification Assets. means any indemnification right or claim of the Acquired Companies or Related Consolidated Entities recognized as a Current Asset under the Accounting Principles and which represents a claim of Seller or any of the Acquired Companies or Related Consolidated Entities against third parties, but solely to the extent …

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 … WebFeb 27, 2024 · At its core, an indemnification is a promise to reimburse a person for a loss incurred by that person. Often, the obligation to indemnify is limited to third party claims. Further, there is typically a “defend” component to the indemnity that requires the indemnifying party to take over the defense of the claim on behalf of the indemnified party.

WebTo 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, …

chestnut org creditWebDefine The Indemnification. Demand shall state: (a) the amount of losses, damages or expenses to which the Indemnified Party has incurred or has suffered or is expected to incur or suffer to which the Indemnified Party is entitled to indemnification pursuant to Section 9.1 or Section 9.2, as applicable; (b) the nature of the event or occurrence which entitles … chestnut or acornWebindemnify. v. to guarantee against any loss which another might suffer. Example: two parties settle a dispute over a contract, and one of them may agree to pay any claims which may … goodrich family treeWebNov 29, 2024 · Indemnifications in legal terms are contractual provisions where one or both parties agree to compensate the other for any harm or loss resulting from damages caused by a third party. Insurance companies may require businesses to indemnify their vendors for liability coverage. goodrich fastbootWebJul 21, 2024 · What Is Indemnification? When an indemnification clause is inserted into a contract, it is meant to transfer risk between the contracted parties. In most cases, these clauses are used to make sure that a potential loss will be compensated. goodrich feather oakWebindemnification noun [ U ] uk / ɪnˌdem.nɪ.fɪˈkeɪ.ʃ ə n / us / ɪnˌdem.nə.fəˈkeɪ.ʃ ə n / finance & economics formal or specialized the act of paying or promising to pay someone an … chestnut original uggsWebDefine CROSS INDEMNIFICATION. Each party to this Agreement agrees to indemnify and hold the other party (the "non-breaching party") harmless against every loss, cost, damage or expense (including reasonable attorney's fees and expenses) incurred by the non-breaching party as a result of any breach by the other party of the terms of this … chestnut ornaments