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 ?
Vectren began offering the Virtual Hold service to customers in March and has already seen significant benefits.
Tenders are invited for Providing drinking water facility with 100% house hold service connections to ramdas kandriga gp in venkatachalam mandal est cost rs:32.
AICPA and AcSEC will continue to be vital contributors to better financial reporting, thereby ensuring that AcSEC and related task forces continue to attract volunteers who are the best of the profession and hold service to the public interest in the highest regard.
The ASP vendor portion of the study will concentrate on companies which hold service level agreements (SLAs) with end-users and will include quantitative surveys designed to indicate, among other things, which types of companies are offering hosted application services, the types of applications most commonly being offered and company statistics such as number of employees and time in business, Lugenbuehl explained.
According to VECOD, Social Accountability is a process whereby citizens and communities are promoted to voice their needs regarding public basic services and are able to hold service providers accountable for their performance.
MacDonald noted that in an industry which is dominated by discussions of rate discounts and profitability, "it's vital that carriers who hold service in particularly high regard, and demonstrate that commitment consistently, be recognized and honored.
hold service at no additional charge for customers who wanted to receive their packages at many of the company's nearly 2,000 locations around the world.
The first aim we have as the Church of Cyprus is not whether to hold services on a daily basis," the archbishop said.