Indemnity - Wikipedia 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" In contrast, a "guarantee" is an obligation of one
INDEMNIFY | English meaning - Cambridge Dictionary The electricity company agreed, providing he bought insurance indemnifying it against any claims US forces are indemnified for acts of war The modern commercial environment requires that directors are indemnified against liabilities incurred whilst performing their duties
Indemnifying - definition of indemnifying by The Free Dictionary 1 insure, protect, guarantee, secure, endorse, underwrite They agreed to indemnify the taxpayers against any loss 2 compensate, pay, reimburse, satisfy, repair, repay, requite, remunerate They don't have the money to indemnify everybody
INDEMNIFYING definition | Cambridge English Dictionary The electricity company agreed, providing he bought insurance indemnifying it against any claims US forces are indemnified for acts of war The modern commercial environment requires that directors are indemnified against liabilities incurred whilst performing their duties