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 ?
Tracy Barlow | |sneeks in on Carla while she sleeps, while the rest of the Street looks on in horror as the fire takes hold
There is no doubt in my mind that optics will be affected by the downturn but those that are prepared for tough times ahead if recession takes hold.
Still, the outlook for central cities such as Chicago is positive, and desirable properties in those cities should perform well as job creation takes hold, he said.
People who once couldn't be enticed to do something so cerebral as watch "Wheel of Fortune" are now at risk as the disease takes hold and reprograms their left brains.
It would be singularly dangerous if religious stereotyping takes hold.
And, as the greenery takes hold, this is architecture that seems destined to improve with age.