Dictionary indemnify
WebFeb 27, 2024 · According to Black’s Law Dictionary (10 th ed. 2014), indemnity is a “duty to make good any loss, damage, or liability incurred by another.” 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. WebThe meaning of INDEMNIFICATION is the action of indemnifying. that insurance company is known to be slow when processing claims for indemnification
Dictionary indemnify
Did you know?
WebAn indemnitee is a person or organization that receives indemnity —protection or security against damage or loss, or compensation for damages or money spent. Insurance … WebTừ điển dictionary4it.com. Qua bài viết này chúng tôi mong bạn sẽ hiểu được định nghĩa protection & Indemnity (P&I) là gì.Mỗi ngày chúng tôi đều cập nhật từ mới, hiện tại đây là bộ từ điển đang trong quá trình phát triển cho nên nên số lượng từ hạn chế và thiếu các tính năng ví dụ như lưu từ vựng, phiên ...
Webindemnify ( 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, … WebThe 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 …
WebIndemnity As Applied to Insurance Claims. A common example of indemnification happens with regard to insurance transactions. This often happens when an insurance company, … 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 …
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 — … high calcium milk in philippinesWebindemnity - 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) how far is roff ok from ada okWebNov 4, 2024 · Reimbursement or compensation for loss, damage, or liability in tort; esp., the right of a party who is secondarily liable to recover from the party who is primarily liable for reimbursement of expenditures paid to a third party for injuries resulting from a violation of a common-law duty. high calcium work upWebNATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA, AND STARR INDEMNITY & LIABILITY INSURANCE COMPANY; from Harris County; 1st Court of Appeals District (01-19-00852-CV, 658 SW3d 305, 09-21-21) ... The umbrella policy’s definition of “Scheduled Underlying Insurance” includes National Union’s primary policy … high calcium low oxalate foodsWebindemnify Listen: UK:* /ɪnˈdɛmnɪ faɪ/ US: /ɪnˈdɛmnəˌfaɪ/ , (in dem′ nə fī′) définition Synonymes anglais en espagnol Conjugaison [FR] Conjugator [EN] en contexte images Inflections of ' indemnify ' ( v ): ( ⇒ conjugate) indemnifies v 3rd person singular indemnifying v pres p indemnified v past indemnified v past p WordReference Collins high calcium low phosphorus foodsWebto protect someone against legal responsibility for their actions: He cannot sue, because the government had indemnified the company. The state is required to indemnify … high calcium milk productsWebindemnify [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 … high calcium low calorie foods