indemnity liability
1indemnity — in·dem·ni·ty /in dem nə tē/ n pl ties 1 a: security against hurt, loss, or damage b: exemption from incurred penalties or liabilities 2 a: indemnification (1) b: something (as a payme …
2liability — li·a·bil·i·ty /ˌlī ə bi lə tē/ n pl ties 1: the quality or state of being liable 2: something for which one is liable: as a: a financial obligation: debt tax liability the bonds …
3indemnity against liability — n. A promise to take on another person’s liability or compensate him or her if and when that liability arises. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …
4indemnity — The act of one party protecting or guaranteeing protection, or freedom from liability, of a third party for actions of that party. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …
5Indemnity — An indemnity is a sum paid by A to B by way of compensation for a particular loss suffered by B. The indemnifying party (A) may or may not be responsible for the loss suffered by the indemnified party (B). Forms of indemnity include cash payments …
6liability — The word is a broad legal term. Mayfield v. First Nat. Bank of Chattanooga, Tenn., C.C.A.Tenn., 137 F.2d 1013, 1019. It has been referred to as of the most comprehensive significance, including almost every character of hazard or responsibility,… …
7liability — The word is a broad legal term. Mayfield v. First Nat. Bank of Chattanooga, Tenn., C.C.A.Tenn., 137 F.2d 1013, 1019. It has been referred to as of the most comprehensive significance, including almost every character of hazard or responsibility,… …
8Indemnity — Compensation for damages or loss. Indemnity in the legal sense may also refer to an exemption from liability for damages. The concept of indemnity is based on a contractual agreement made between two parties, in which one party agrees to pay for… …
9indemnity against liability — As contrasted with indemnity against loss, which is an obligee s right to compensation for a loss already sustained, it is an obligee s right to indemnification at the time a liability arises. The claim arises upon the obligor s default,… …
10indemnity against liability — As contrasted with indemnity against loss, which is an obligee s right to compensation for a loss already sustained, it is an obligee s right to indemnification at the time a liability arises. The claim arises upon the obligor s default,… …