indemnity

(redirected from To hold harmless)
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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 ?
Owners in need of this service, when they retain the services of contractors to do this work, usually have to agree to hold harmless and indemnify the service contractors.
Vermont's AMC law is the most stringent and prohibits an AMC from requiring "an appraiser to defend, to indemnify, or to hold harmless the registrant (the AMC) or other third party for the development, use or contents of a real estate appraisal."
It will only cover half of what's needed, and the legislature promises to hold harmless the school districts for the other half.