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 …

Sep 18, 2025 · Indemnity is a contractual agreement, commonly found in insurance policies, in which one party agrees to compensate the other for potential losses or damages in exchange for premium …

The meaning of INDEMNITY is security against hurt, loss, or damage. How to use indemnity in a sentence.

Indemnity is a type of insurance that covers a wide range of damages and losses. In the indemnity clause, one party commits to compensate another party for any prospective loss or damage.

INDEMNITY definition: 1. protection against possible damage or loss, especially a promise of payment, or the money paid…. Learn more.

Jul 18, 2025 · Learn how an indemnity agreement works to shift financial risk and how its specific terms define the scope of one party's legal protection from loss. An indemnity agreement is a contract …

An indemnity is an amount of money paid to someone because of some damage or loss they have suffered.

Indemnity is protection or security against damage or loss, or compensation for damages or money spent. Insurance coverage provides indemnity to a person (or organization) by insuring them for …

Jun 2, 2025 · Indemnity is a legal concept in U.S. law where one party agrees to compensate another for certain damages or losses. It serves as a protection mechanism, ensuring that the indemnified …

Recompense for loss, damage, or injuries; restitution or reimbursement. An indemnity contract arises when one individual takes on the obligation to pay for any loss or damage that has been or might be …