liability to indemnify
1indemnify — in·dem·ni·fy /in dem nə ˌfī/ vt fied, fy·ing [Latin indemnis unharmed, from in not + damnum damage] 1: to secure against hurt, loss, or damage 2: to compensate or reimburse for incurred hurt, loss, or damage in·dem·ni·fi·er n Merriam Webster’s… …
2indemnify — Used in insurance policy agreements as to compensation for damage or loss. Hold harmless * * * indemnify in‧dem‧ni‧fy [ɪnˈdemnfaɪ] verb indemnified PTandPP 1. [intransitive, transitive] LAW to promise to pay for a financial loss that a person or …
3liability — 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,… …
4liability — 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,… …
5indemnify — indemnifier, n. /in dem neuh fuy /, v.t., indemnified, indemnifying. 1. to compensate for damage or loss sustained, expense incurred, etc. 2. to guard or secure against anticipated loss; give security against (future damage or liability). [1605… …
6indemnify — /ɪnˈdɛmnəfaɪ / (say in demnuhfuy) verb (t) (indemnified, indemnifying) 1. to compensate for damage or loss sustained, expense incurred, etc. 2. to engage to make good or secure against anticipated loss; give security against (future damage or… …
7Directors and officers liability insurance — (often called D O) is liability insurance payable to the directors and officers of a company, or to the organization(s) itself, to cover damages or defense costs in the event they suffer such losses as a result of a lawsuit for alleged wrongful… …
8indemnification — indemnify in‧dem‧ni‧fy [ɪnˈdemnfaɪ] verb indemnified PTandPP 1. [intransitive, transitive] LAW to promise to pay for a financial loss that a person or organization may have: • You can be indemnified against claims for professional negligence,… …
9insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …
10insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …