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.

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

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.

Aug 31, 2025 · Indemnity is a fundamental legal principle providing protection against potential financial loss or damage. It represents a commitment by one party to compensate another for specific losses …

If something provides indemnity, it provides insurance or protection against damage or loss.

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.

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 …