indemnity

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Related to indemnities: indemnification, Indemnity clause

in·dem·ni·ty

(in-dem'ni-tē)
The agreement between an insurance company or other financial entity to underwrite the expenses incurred by a policyholder for covered services.
References in periodicals archive ?
08, since they invalidated any indemnities other than for the negligence, recklessness, or intentional misconduct of the indemnitor.
The indemnity provisions will spell out the obligations, the conditions, and the procedures for enforcing such indemnities.