2024 Over indemnification definition

Over indemnification definition

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August undefined, 2024

WebDefine indemnification. indemnification synonyms, indemnification pronunciation, indemnification translation, English dictionary definition of indemnification. n. 1. a. The act of indemnifying. b. The condition of being indemnified. 2. Something that indemnifies; a compensation for loss. American Heritage®... Webnoun the act of indemnifying; state of being indemnified. something that serves to indemnify; compensation. OTHER WORDS FOR indemnification 2 payment, amends, …

Indemnify definition and meaning Collins English Dictionary

Webnoun Definition of indemnification as in damages payment to another for a loss or injury that insurance company is known to be slow when processing claims for indemnification Synonyms & Similar Words Relevance damages compensation reparation indemnity restitution recoupment redress recompense reimbursement reprisal (s) remuneration … 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 … shorty minceur anaca3

Indemnify Definition & Meaning - Merriam-Webster

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 … WebMeaning of indemnify in English indemnify verb [ T ] uk / ɪnˈdem.nɪ.faɪ / us / ɪnˈdem.nə.faɪ / finance & economics formal or specialized to pay or promise to pay someone an … WebIndemnification Provisions starting a Purchase Agreement - Definition Definite representations will a longer survival period than other provisions. Generally, representations hood corporate organization, authority and capitalization; title until storage; taxes; environmental matters; and ERISA often survive time to expiration of the … sarah hocus pocus outfit

INDEMNIFY definition in the Cambridge English Dictionary

indemnification - IRMI

WebOn appeal, the court found that the action over endorsement precluded coverage for the claim for indemnification by the utility against the insured. The court observed that the … WebOct 28, 2024 · Indemnity assures party protection from financial liability stemming from the acts of its client or contractor Indemnity increases the level of trust in a relationship … shorty minceur femmeWebMany indemnities are created by contract, under which the paying party promises to pay an identified loss if a particular trigger event happens (usually an event over which the paying party has control). The trigger for payment and the amount payable depend on the contract's drafting and interpretation. sarah hodge hairdressers honiton

"WebBritannica Dictionary definition of INDEMNIFY. [+ object] law. 1. : 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 given money to buy new ... " - Over indemnification definition

Over indemnification definition

WebIndemnification’s definition is where one party compensates someone else for a loss, typically a third party’s loss. Indemnification’s business definition is often understood … WebThird-party-over action is an action in which an injured employee, after collecting workers compensation benefits from the employer, sues a third party for contributing to the employee's injury. On This Page Additional Information

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WebHow to use indemnify in a sentence. Synonym Discussion of Indemnify. to secure against hurt, loss, or damage; to make compensation to for incurred hurt, loss, or damage… WebBritannica Dictionary definition of INDEMNIFY. [+ object] law. 1. : to protect (someone) by promising to pay for the cost of possible future damage, loss, or injury. The policy …

WebThe act or process of indemnifying, preserving, or securing against loss, damage, or penalty; reimbursement of loss, damage, or penalty; the state of being indemnified. From Project … WebOct 30, 2024 · Indemnity is a comprehensive form of insurance compensation for damages or loss. In a legal sense, it may also refer to an exemption from liability for damages. The …

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 … WebAn indemnification provision is one of the most common and frequently used provisions when negotiating any type of contract, and yet the parties to a contract often don’t understand the meaning. Indemnity is defined by Black’s Law Dictionary as “a duty to make good any loss, damage, or liability incurred by another.”

Webindemnification indemnity quittance recompense redress reparation reprisal requital restitution restoration satisfaction atonement nouncompensation amends expiation indemnification payment penance propitiation recompense redemption redress reparation restitution satisfaction compensation nounrepayment; rectification advantage allowance …

Web1 a : the action of indemnifying b : the condition of being indemnified 2 : indemnity sense 2b Synonyms compensation damages indemnity quittance recompense recoupment … shorty mixa intensif minceurWebIndemnity can take many forms, but the most common types of indemnity claims ... white paper, it is notable that the theory evolved over many years from a rule holding that ... voluntarily define their duties toward one another, including clauses requiring one party . 5 to pay, or indemnify, the other against certain claims or losses. The ... shorty minceur niveaWebIndemnity states that the injured party has the right to claim compensation or reimbursement for damages or losses from the other party. This is usually applied in civil lawsuits concerning negligence claims. Indemnity may also refer to the legal exemption from damages or loss. In that case, the general meaning of indemnity is “hold harmless.”. shorty mixaWebJul 29, 2024 · Indemnification provisions often are one of the mostly heavily negotiated terms in a contract, and they can lead to intense litigation over their scope and impact on … sarah hodge hairdressers tivertonWebThe legal definition of indemnification clause is “the obligation of one party to compensate the other party for harm or loss incurred”. In simpler terms, for service based businesses, if something bad happens to a third party during the event you are servicing then this clause tells you who is responsible for paying the resulting damages ... sarah hoffe moffittWebMar 26, 2024 · verb transitive Word forms: inˈdemniˌfied or inˈdemniˌfying. 1. to protect against or keep free from loss, damage, etc.; insure. 2. a. to repay for what has been lost or damaged; compensate for a loss, etc.; reimburse. b. to redeem or make good (a loss) sarah holcomb net worthWebIndemnification is defined as a scenario in which one party pays the costs and liabilities associated with another party’s actions. A car insurance contract explains indemnification: your insurance company indemnifies you if you are … sarah hodge hairdressers bridgwater