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 ?
Auto/Mate will also be holding true to their policy in that there will be no upfront charges for the new software for the GM interface or RIM.
Now that mid-year has arrived, it is time to take another look at that industry and see if our early prognostications are holding true.
Holding true to its mission of offering a down-home banking experience, Jericho offers many unique benefits to the customer, such as not charging any up-front fees to start the loan process, and no obligation or costs if the loan presented is not acceptable to the customer.