hold

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hold,

v to possess by reason of a lawful title.
hold harmless clause,
n a contract provision in which one party to the contract promises to be responsible for liability incurred by the other party. Hold harmless clauses frequently appear in the following contexts: (1) Contracts between dental benefits organizations and an individual dental professional often contain a promise by the dental professional to reimburse the dental benefits organization for any liability the organization incurs because of dental treatment provided to beneficiaries of the organization's dental benefits plan. This may include a promise to pay the dental benefits organization's attorney fees and related costs. (2) Contracts between dental benefits organizations and a group plan sponsor may include a promise by the dental benefits organization to assume responsibility for disputes between a beneficiary of the group plan and an individual dental professional when the dental professional's charge exceeds the amount the organization pays for the service on behalf of the beneficiary. If the dental professional takes action against the patient to recover the difference between the amount billed by the dental professional and the amount paid by the organization, the dental benefits organization will take over the defense of the claim and will pay any judgments and court costs.
References in periodicals archive ?
We held the line on benefits, we protected the weekends and we reduced the length of the contract from four to three years.
And when you see Reginald Ray-Savage and his company, you see a style with one foot in Chicago but the other anchored in East Saint Louis, where Dunham held the line for so many years (see page 28).
BW HealthWire)--April 15, 1997--For the fifth straight year, the California Public Employees' Retirement System (CalPERS) has held the line on health insurance premiums for its one million members, while adding improvements in the quality of medical care.