Indemnity is compensation to a party for a loss or damage that has already occurred or to guarantee...
indemnify
To indemnify is to make compensation to an entity, person, or insured for incurred injury, loss, or damage.
Related Terms
An indemnity contract is an agreement to pay on behalf of another party under specified...
The indemnitee is the person or organization that is held harmless in a contract (by the...
The indemnitor is the person or organization that holds another (the indemnitee) harmless in a...
Indemnification can mean that in policies written on an indemnification basis, the insurer...
