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 ?
After the age of 6, they explain, the notion that foods mixed with "disgusting" substances are unacceptable rapidly takes hold.
Lane has a remarkably deep voice that is almost mesmerizing in the way it takes hold and pulls the listener deep into this thriller.
However a repetitiveness, something previously unseen in the filmmaker's imaginative body of work, soon takes hold, as the same goofy/queasy ideas just keep repeating in more frantic fashion.
Even if the predicted slow-down takes hold, Jersey City will continue to be the low-cost alternative to Manhattan, perhaps spurring its continued growth instead of pausing it.
More acquisitions expected in fund administration industry as globalization takes hold
Then the music takes hold and transcends people out of the mundane world.
Shah, Chief Executive Officer, Hersha Hospitality commented, "Hartford, Connecticut is a lodging market that should generate solid returns for our shareholders as urban revitalization and residential and retail economic redevelopment takes hold.