Blacks law dictionary definition of indemnify

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WebDefinition & Citations: 1. That which is laid down, ordained, or established. A rule or method according to which phenomena or actions coexist or follow each other. 2. A system of … Webindemnity. an undertaking by one person to make good losses suffered by another. Frequently confused with guarantee, an indemnity is a primary obligation that is enforceable irrespective of whether the beneficiary could sue the person responsible for causing the loss. On the other hand, a guarantee is a secondary obligation to pay a …

Dictionaries - LibGuides at Loyola University Chicago Law Library

Weblaw. 1. [noncount] : a promise to pay for the cost of possible damage, loss, or injury. an agreement providing indemnity against prosecution/loss. — often used before another noun. an indemnity plan/agreement. 2. [count] : a payment made to someone because of damage, loss, or injury. has paid $2 million in indemnities. WebDefinition of INDEMNIFY: To save harmless; to secure against loss or damage; to give security for the reimbursement of a person in case of an anticipated loss falling upon him. Also to make good; to compensate; to make reimbursement to one of a loss already incurred by him. Cousins v. Paxton & Gallagher Co., 122 Iowa. 405, 98 N- W. 277; Weller v. stow golf shop

INDEMNIFY English meaning - Cambridge Dictionary

WebINDEMNIFY Definition & Legal Meaning Definition & Citations: To save harmless; to secure against loss or damage; to give security for the reimbursement of a person in case of an anticipated loss falling upon him. WebThe Law Dictionary by TheLaw.com includes over 23,000 legal terms, abbreviations and maxims written by our staff and includes definitions from Black’s Law Dictionary, 2nd Edition. WebIndemnify. To compensate for loss or damage; to provide security for financial reimbursement to an individual in case of a specified loss incurred by the person. Insurance companies indemnify their policyholders against damage caused by such things as fire, theft, and flooding, which are specified by the terms of the contract between the ... stow golf courses

Merriam-Webster

WebFeb 27, 2024 · According to Black’s Law Dictionary (10 th ed. 2014), indemnity is a “duty to make good any loss, damage, or liability incurred by another.” At its core, an indemnification is a promise to reimburse a person for a loss incurred by that person. Often, the obligation to indemnify is limited to third party claims. WebBlack’s Law Dictionary defines hold harmless as follows: “To absolve (another party) from any responsibility for damage or other liability arising from the transaction; INDEMNIFY.” … rotathene 6329WebWhat is INDEMNITY. An Indemnity Is a collateral contract or assurance, by which one person engages to secure another against an anticipated loss or to prevent him from being damnified by the legal consequences of an act or forbearance on the part of one of the parties or of some third person . See Civ. Code Cal. stow glen retirement

"Webindemnify meaning: 1. to pay or promise to pay someone an amount of money if they suffer damage or loss: 2. to…. Learn more. " - Blacks law dictionary definition of indemnify

Blacks law dictionary definition of indemnify

Definition of IMMUNITY • Law Dictionary • TheLaw.com

WebLegal definition for INDEMNIFY: To compensate or to reimburse for a loss or an injury that occurs, usually used in reference to a legal contract where one party agrees to … WebThe meaning of INDEMNIFICATION is the action of indemnifying.

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WebOct 24, 2006 · In my recent post on hold harmless I quoted the Black’s Law Dictionary definition of indemnify: “1. To reimburse (another) for a loss suffered because of a third party’s or one’s own act or default. 2. To promise to reimburse (another) for such a loss. 3. WebOct 21, 2006 · Black’s Law Dictionary supports my view. It defines hold harmless as follows: “To absolve (another party) from any responsibility for damage or other liability arising from the transaction; INDEMNIFY.” (It defines indemnify as follows: “To reimburse (another) for a loss suffered because of a third party’s or one’s own act or default. 2.

WebDefinition of INDEMNIFY: To save harmless; to secure against loss or damage; to give security for the reimbursement of a person in case of an anticipated loss falling … WebBlack's Law Dictionary: 2nd Edition Definition: An indemnity is a collateral contract or assurance, by which one person engages to secure another against an anticipated loss or to prevent him from being damnified by the legal consequences of an act or forbearance on the part of one of the parties or of some third person.

WebBlack's Law Dictionary is one of the secondary sources you can search in Westlaw. Edge. Precision. . You can find definitions for more than 55,000 law-related words and phrases. On the homepage, select. Secondary Sources. . In the Tools & Resources section, select.

WebMar 6, 2024 · Black's Law Dictionary is the most commonly used law dictionary in the United States. The 11th edition (2024) is available in Westlaw and in print in the Law Library's reference section on the 3rd floor at KF 156 .B53.. Other law dictionaries available in print and electronic format include: Ballentine's Law Dictionary (3rd ed.) is available in …

WebAn indemnity is a collateral contract or assurance, by which one person engages to secure another against an anticipated loss or to prevent him from being damnified by the legal … stow glen senior citizensWebindemnity definition: 1. protection against possible damage or loss, especially a promise of payment, or the money paid…. Learn more. rota thw plus 260-81WebAug 27, 2015 · What is Indemnity. While the term indemnify is a verb, referring to the act of compensating someone for loss, the term indemnity is a noun, referring to the agreement or guarantee to compensate someone in the event loss occurs. Indemnity is commonly included as a clause in contracts in which the actions or mistakes of one party may result … stow golf course maWebBlack's Law Dictionary: 2nd Edition Definition: An indemnity is a collateral contract or assurance, by which one person engages to secure another against an anticipated loss … rota thw plusWebDefinition of INDEMNITY: An Indemnity Is a collateral contract or assurance, by which one person engages to secure another against an anticipated loss or to prevent him from … rota thlWebDefinition & Citations: 1. A legal assertion; a legal demand; Taken by a person wanting compensation, payment, or reimbursement for a loss under a contract, or an injury due to … stow glen nursing facilityWebBecause the service agreement obligates Savage to provide Exxon only primary insurance, National Union contends, Exxon is entitled to nothing more. E.g., Coverage, Black’s Law Dictionary (11th ed. 2024) (“[T]he risks within the scope of an insurance policy.”); umbrella policy, Black’s Law Dictionary, supra, (defining “umbrella policy ... stow golf club