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 involves a contractual agreement where one party agrees to cover potential financial losses or damages caused by another party, often seen in insurance contexts.

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

To indemnify, also known as indemnity or indemnification, means compensating a person for damages or losses they have incurred or will incur related to a specified accident, incident, or event.

INDEMNITY definition: protection or security against damage or loss. See examples of indemnity used in a sentence.

Mar 9, 2025 · Insurance provides financial protection against unexpected losses, and indemnity ensures policyholders are restored to their previous financial position after a covered event. This principle …

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

Indemnity is about compensating someone for losses, while liability refers to being legally responsible for those losses. Indemnity can arise from liability, but they are not the same thing.

Dec 30, 2024 · Explore the meaning of indemnity, its various forms, and how it operates in contracts, insurance policies, and leases. Learn from historical contexts and FAQ.

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 …