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Indemnity |
Also found in: Dictionary/thesaurus, Legal, Wikipedia, Hutchinson | 0.07 sec. |
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Indemnity A contractual agreement made between different parties to compensate for any damages or losses. Notes: Most commonly used in the wording of insurance policies, the company will indemnify the policy holder for any losses that are insured for.Indemnity A legal obligation to cover a liability, however arising. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| If indemnities are involved, be sure that the indemnitor is a viable, on-going and creditworthy person or entity. |
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indemnities
