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   What is an indemnity in a contract?

   • In 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 of the indemnitor or any other party. The duty to indemnify is usually, but not always, coextensive with the contractual duty to "hold harmless" or "save harmless".

   Indemnity - Wikipedia

   en.wikipedia.org/wiki/Indemnity

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   What is an example of an indemnity arrangement?

   • In an indemnity arrangement, one party agrees to pay for potential losses or damage caused by another party. A typical example is an insurance contract, in which the insurer or the indemnitor agrees to compensate the other (the insured or the indemnitee) for any damage or losses in return for premiums paid by the insured to the insurer.

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

   www.investopedia.com/terms/i/indemnity.asp

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   What is an indemnity clause?

   • In the indemnity clause, one party commits to compensate another party for any prospective loss or damage. More common is in insurance contracts, in exchange for premiums paid by the insured to the insurer, the insurer offers to compensate the insured for any potential damages or losses.

   indemnity | Wex | US Law | LII / Legal Information Institute

   www.law.cornell.edu/wex/indemnity

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   What is the difference between an indemnity and a guarantee?

   • An indemnity is distinct from a guarantee, which is the promise of a third party to honor the obligation of a party to a contract should that party be unable or unwilling to do so (usually a guarantee is limited to an obligation to pay a debt).

   Indemnity - Wikipedia

   en.wikipedia.org/wiki/Indemnity

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3. www.investopedia.com › terms › iIndemnity: What It Means in Insurance and the Law - Investopedia

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   Feb 25, 2024 · Indemnity is a form of insurance or legal agreement that compensates one party for losses or damages caused by another. Learn about different types of indemnity, how it works, and its historical applications.

4. www.merriam-webster.com › dictionary › indemnityIndemnity Definition & Meaning - Merriam-Webster

   www.merriam-webster.com › dictionary › indemnity

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   The meaning of INDEMNITY is security against hurt, loss, or damage. How to use indemnity in a sentence. security against hurt, loss, or damage; exemption from incurred penalties or liabilities; indemnification…

5. Videos

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     Indemnity - Official Trailer

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     Indemnity - Official Trailer (2022) Jarrid Geduld, Nicole Fortuin, Andre Jacobs

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     Indemnity - Legal Definition

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6. en.wikipedia.org › wiki › IndemnityIndemnity - Wikipedia

   en.wikipedia.org › wiki › Indemnity

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   Indemnity. In 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 of the indemnitor or any other party.

7. www.investopedia.com › terms › iWhat Is Indemnity Insurance? How It Works and Examples

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   Feb 26, 2024 · Indemnity insurance is a policy that compensates an insured party for damages or losses up to a certain limit. Learn how it works, who needs it, and what types of indemnity insurance exist, such as malpractice, professional, and hospital indemnity.

8. dictionary.cambridge.org › english › indemnityINDEMNITY | English meaning - Cambridge Dictionary

   dictionary.cambridge.org › english › indemnity

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   Indemnity is a noun that means protection against possible damage or loss, or the money paid if there is such damage or loss. Learn how to use indemnity in different contexts, such as insurance, law and government, with examples and related words.

9. www.dictionary.com › browse › indemnityINDEMNITY Definition & Meaning | Dictionary.com

   www.dictionary.com › browse › indemnity

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   Indemnity is a noun that means protection, compensation, or exemption from loss or damage. Learn how to use it in a sentence, see its synonyms, and explore its origin and history.

10. www.law.cornell.edu › wex › indemnityindemnity | Wex | US Law | LII / Legal Information Institute

    www.law.cornell.edu › wex › indemnity

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    Indemnity is a type of insurance that covers a wide range of damages and losses. It can also refer to legal exemption from penalties for unconstitutional or illegal actions, granted to public officers. Learn more about indemnity in insurance contracts, tort law and other contexts with Wex, the online legal information system of Cornell University.