2024 Blacks law dictionary definition of indemnify

Blacks law dictionary definition of indemnify

Author: dohz

August undefined, 2024

Webv. 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 … WebAug 27, 2015 · What is Indemnity. While the term indemnify is a verb, referring to the act of compensating someone for loss, the term indemnity is a noun, referring to the agreement or guarantee to compensate someone in the event loss occurs. Indemnity is commonly included as a clause in contracts in which the actions or mistakes of one party may result …

Definition of Indemnity OpenJurist

WebBlack's Law Dictionary is one of the secondary sources you can search in Westlaw. Edge. Precision. . You can find definitions for more than 55,000 law-related words and phrases. On the homepage, select. Secondary Sources. . In the Tools & Resources section, select. WebAn indemnity is a collateral contract or assurance, by which one person engages to secure another against an anticipated loss or to prevent him from being damnified by the legal … cleaners garment bags

LAW Definition & Meaning - Black

Webindemnify meaning: 1. to pay or promise to pay someone an amount of money if they suffer damage or loss: 2. to…. Learn more. 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 … Weblaw. 1. [noncount] : a promise to pay for the cost of possible damage, loss, or injury. an agreement providing indemnity against prosecution/loss. — often used before another noun. an indemnity plan/agreement. 2. [count] : a payment made to someone because of damage, loss, or injury. has paid $2 million in indemnities. downtown englewood nj

Blacks law dictionary definition of indemnify

Indemnity legal definition of indemnity - TheFreeDictionary.com

WebINDEMNIFY Definition & Legal Meaning Definition & Citations: To save harmless; to secure against loss or damage; to give security for the reimbursement of a person in case of an anticipated loss falling upon him. 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.

Did you know?

WebDefinition & Citations: 1. That which is laid down, ordained, or established. A rule or method according to which phenomena or actions coexist or follow each other. 2. A system of … WebDefinition of INDEMNIFY: To save harmless; to secure against loss or damage; to give security for the reimbursement of a person in case of an anticipated loss falling …

WebAs a standalone tool, this pocket edition includes a dictionary guide and the complete U.S. Constitution. Black's is cited by judges and lawyers more than any other legal dictionary, comes recommended by law faculty, and is available in this pocket format and in a variety of other useful editions. $41.95. Free shipping. Format: Book - Softbound. WebNov 4, 2024 · For what it’s worth, here’s what Black’s Law Dictionary says indemnity means: 1. A duty to make good any loss, damage, or liability incurred by another. 2. The …

WebBecause the service agreement obligates Savage to provide Exxon only primary insurance, National Union contends, Exxon is entitled to nothing more. E.g., Coverage, Black’s Law Dictionary (11th ed. 2024) (“[T]he risks within the scope of an insurance policy.”); umbrella policy, Black’s Law Dictionary, supra, (defining “umbrella policy ... WebTheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed. An exemption from serving in an office, or performing duties which the law generally requires other citizens to perform. VACATIO Latin: In the civil law. Exemption; immunity; privilege; dispensation; exemption from the burden of office.…. ACTING Temporary performance.

WebIndemnify. To 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 indemnify their policyholders against damage caused by such things as fire, theft, and flooding, which are specified by the terms of the contract between the ...

WebBy Editor in Chief Bryan A. Garner, the 10th Edition is the most comprehensive law dictionary ever published. It contains more than 50,000 terms, including more than 16,000 new definitions. Features. • More than … downtown ennisWebAs a standalone tool, this pocket edition includes a dictionary guide and the complete U.S. Constitution. Black's is cited by judges and lawyers more than any other legal … cleaners furnitureWebIndemnify. To 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 indemnify their policyholders against damage caused by such things as fire, theft, and flooding, which are specified by the terms of the contract between the ... downtown englewood nj restaurantsWebOct 24, 2006 · In my recent post on hold harmless I quoted the Black’s Law Dictionary definition of indemnify: “1. To reimburse (another) for a loss suffered because of a third party’s or one’s own act or default. 2. To promise to reimburse (another) for such a loss. 3. cleaners garstangWebWhat is INDEMNITY. An Indemnity Is a collateral contract or assurance, by which one person engages to secure another against an anticipated loss or to prevent him from being damnified by the legal consequences of an act or forbearance on the part of one of the parties or of some third person . See Civ. Code Cal. cleaners full movieWebLegal definition for INDEMNIFY: To compensate or to reimburse for a loss or an injury that occurs, usually used in reference to a legal contract where one party agrees to … downtown ennis montanaWebindemnify definition: 1. to pay or promise to pay someone an amount of money if they suffer damage or loss: 2. to…. Learn more. downtown englewood florida