Dictionary indemnification
WebJan 10, 2012 · INDEMNIFICATION AGREEMENT . THIS AGREEMENT is effective January 10, 2012, between Concho Resources Inc., a Delaware corporation (the “Corporation”), and the undersigned director or officer of the Corporation (“Indemnitee”). ... represent costs or liabilities meeting the definition of “Expenses” herein. ... WebNov 4, 2024 · 1. The action of compensating for loss or damage sustained. 2. The compensation so made. In terms of the frequency with which those terms occur in …
Dictionary indemnification
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WebIndemnity 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 … WebSecurity against loss, damage, or penalty; indemnification or compensation for loss or injury sustained. 1914 - Nuttall's Standard dictionary of the English language. By Nuttall, …
WebTừ điển dictionary4it.com. Qua bài viết này chúng tôi mong bạn sẽ hiểu được định nghĩa protection & Indemnity (P&I) là gì.Mỗi ngày chúng tôi đều cập nhật từ mới, hiện tại đây là bộ từ điển đang trong quá trình phát triển cho nên nên số lượng từ hạn chế và thiếu các tính năng ví dụ như lưu từ vựng, phiên ... WebFeb 27, 2024 · 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. Further, there is typically a “defend” component to the indemnity that requires the indemnifying party to take over the defense of the claim on behalf of the indemnified party.
WebApr 12, 2024 · Indemnity is a comprehensive form of insurance compensation for damages or loss. When the term indemnity is used in the legal sense, it may also refer to an exemption from liability for... Webnoun Definition of indemnification as in damages payment to another for a loss or injury that insurance company is known to be slow when processing claims for …
Webindemnity noun [ C or U ] uk / ɪnˈdemnəti / us plural indemnities INSURANCE protection against possible damage or loss, or the money paid if there is damage or loss: …
WebDefine The Indemnification. Demand shall state: (a) the amount of losses, damages or expenses to which the Indemnified Party has incurred or has suffered or is expected to incur or suffer to which the Indemnified Party is entitled to indemnification pursuant to Section 9.1 or Section 9.2, as applicable; (b) the nature of the event or occurrence which entitles … rawls advisory councilWebWhat does indemnify mean? To indemnify is to insure someone against potential damages or loss or to compensate someone for damages or money spent. Insurance coverage ind … rawl sales and processingWebto pay or promise to pay someone an amount of money if they suffer damage or loss: In return for a premium, the underwriter agrees to indemnify the insured against losses … rawl safety plus countersunkWebMar 27, 2024 · Indemnification definition: an indemnifying or being indemnified Meaning, pronunciation, translations and examples simple healthy wok recipesWebindemnified; indemnifying 1 : to insure or protect against loss, damage, or injury 2 : to give something in order to make up for loss, damage, or injury indemnify victims of a disaster indemnification -ˌdem-nə-fə-ˈkā-shən … rawls anchorsWebDefinitions of indemnification noun an act of compensation for actual loss or damage or for trouble and annoyance see more noun a sum of money paid in compensation for loss or injury synonyms: amends, damages, indemnity, redress, restitution see more VocabTrainer™ Think you know valor? Answer a question to start your personalized … simple healthy turkey meatloafWebDefine Indemnification Assets. means any indemnification right or claim of the Acquired Companies or Related Consolidated Entities recognized as a Current Asset under the Accounting Principles and which represents a claim of Seller or any of the Acquired Companies or Related Consolidated Entities against third parties, but solely to the extent … simple healthy vegetable recipes