n. the act of making someone "whole" (give equal to what they hav...

Restoration to the victim of a loss by payment, repair or replacement.

Restoration to the victim of a loss up to the amount of the loss.

mid-15c., "security or exemption against damage, loss, etc.," from Middle French indemnité (14c.), from Late Latin indemnitatem (nominative indemnitas) "security for damage," from [..]

Security against loss or damages, exemption from penalty or liability, amount paid as compensation under an indemnity agreement.

Indemnity under an insurance policy is the security or coverage that is provided to you to protect against loss, damage or injury. Legal indemnity means someone promises they won’t sue you if a certai [..]

The amount paid to another party after a loss.

An indemnity is a promise to compensate another party in the light of certain events occurring which cause that party to incur a loss.  As an example, indemnity provisions may help a buyer cover any c [..]

An agreement to compensate another party for loss or damage.

A legally binding promise whereby one party undertakes to accept the risk of loss or damage another may suffer.

A legal guarantee that the U.S. government seeks from all embedded reporters and contractors in Iraq, stating that the government is blameless and cannot be sued for property damage or personal injury [..]

Definition An expressed or implied contract to compensate an individual for loss or damage; for example, an insurance policy.

A benefit paid by an insurer for a loss insured under a policy.

pl: -ties 1 a : security against hurt, loss, or damage b : exemption from incurred penalties or liabilities 2 a : indemnification b : something (as a payment) that indemnifies compare ...

a general legal principle related to insurance that holds that the individual recovering under an insurance policy should be restored to the approximate financial position he or she was in prior to th [..]

A benefit paid by an insurance policy for an insured loss.

Contractual agreement which agrees to compensation should a particular situation arise, eg

A principle of insurance that an insured should be fully reimbursed for a loss.

Payment to reimburse a specific quantifiable monetary loss or expense incurred (Of commission) Paid in full at commencement of a contract on the assumption that this will remai [..]

  A legal obligation to cover a liability.

Security against damage or loss; sum paid in compensation for loss incurred.

A sum paid to an injured party for compensation of damages, loss of property, or injury, which may include cash payments, repairs, replacement, and/or reinstatement.

An undertaking issued by a beneficiary or his bank to reimburse a settling bank if the applicant rejects the documents.

Indemnity means compensation in money or property for a loss suffered. It also means a contract to save another from the legal consequences of the conduct of one of the parties or of a third person. I [..]

(n) protection against future loss(n) legal exemption from liability for damages(n) a sum of money paid in compensation for loss or injury

An undertaking issued by a beneficiary or his bank to reimburse a settling bank if the documents are rejected.

Liability or loss shifted from one person held legally responsible to another.

Security or protection against a loss or other financial burden. CLA offers an indemnity to all of its licensees: this means that if an institution received a complaint from a rightsholder that it had illegally made copies of their work when, in fact, the institution had acted in accordance with its licence, CLA would deal with the matter on the in [..]

Making whole. The act of reimbursing or otherwise paying an injured party for an incurred loss. In life insurance, the amount paid to the beneficiary is referred to as indemnity.

Compensation for a loss intended to restore an individual or entity to the approximate financial position prior to the loss.

A legal obligation to cover the liability of another.

A legal principle specifying that the insured not collect more than the actual cash value of a loss but be restored to approximately the same financial position that existed before the loss.

Indemnity ensures that the policy holder is returned to the same financial position they were in before the loss they were insured for.

An Indemnity Payment ensures that the Policy Holder is put in the same financial position as they were before an incident occurred.

The principle upon which all auto insurance contracts are based. According to this principle, the objective of insurance is to restore the insured to the same financial position after a loss that he or she was in prior to the loss.

This term refers to the principle in insurance practice that an insured should be put back into the position they enjoyed before a loss occurred. In the context of a car accident, where a party is ent [..]

Indemnity means protection against financial loss. As a policyholder, you'll be put back into the same financial position you were in before making a claim. Indemnity often takes into account fac [..]

 A principle of insurance which provides that when a loss occurs, the insured should be restored to the approximate financial condition occupied before the loss occurred, no better, no worse.

The insurance principal which states that the insured will be restored to the approximate financial condition before the accident occurred. Lapse in Coverage

A principle that when a loss occurs, the insured and his vehicle should be restored to the condition they were in before the loss occurred — no better, no worse. In practice this is limited by the value of coverage and the terms specified in the insurance policy. Forms of indemnity include cash payments, repairs, replacement, and reinstatement. Thi [..]

The principle under which the insurance company seeks to return the insured to the same financial position he was in before a loss occurred.

When all loss is recovered by a policyholder and their financial status is restored to pre-loss conditions.

The sum that your insurer will pay to you or others after an accident that results in damage to property or people. The idea is that it'll restore you — or rather your finances — to their pre-loss condition.

is the legal principle which states that a policyholder should be restored to the same financial position after a loss that they enjoyed immediately prior to the loss.

A promise to compensate another for a wrongdoing, expense or loss incurred. To be distinguished from a guarantee which relates to the obligations of another and may not be a primary obligation.

Legal principle that specifies an insured should not collect more than the actual cash value of a loss but should be restored to approximately the same financial position that existed before the loss.

The making good of a loss to the insured by financial payment. It does not include any profit to the insured in its pure sense but may, in practice, embrace some profit by agreement as in the case of [..]

One of the five general principles. An insured should not profit by a claim, but should be put in the same financial position as he was immediately before it happened. Personal Accident policies can b [..]

Indemnity is one of the basic principles of insurance and has been legally defined on several occasions. It states that the Insured should not profit by any claim, but should be returned to as [..]

A benefit paid by an insurer for a loss covered under a policy.

A principle whereby the insurer seeks to place the insured in the same position after a loss as he occupied immediately before the loss (as far as possible).

Restoration to the victim of a loss by payment, repair or replacement.

The principle according to which a person who has suffered a loss is restored (so far as possible) to the same financial position that he was in immediately prior to the loss, subject in the case of insurance to any contractual limitation as to the amount payable (the loss may be greater than the policy limit). The application of this principle is [..]

To restore a party who has had a covered loss to the same financial position that party held before the loss occurred.

A type of health insurance plan whereby a patient can receive care with any provider in exchange for higher deductibles and co-pays. Indemnity is also known as fee-for-service insurance.

A traditional health benefit plan that reimburses for medical services provided to members based on bills submitted after the services are rendered. Also known as a fee-for-service plan. These plans generally do not have a specific provider network unless they are a preferred provider network plan (PPO). Immunizations: A substance given to a member [..]

Restoration to the victim of a loss by payment, repair or replacement.

A principle whereby the insurer seeks to place the insured in the same position after a loss as they were immediately prior to the loss occurring.

A Credit-Based Insurance Score (CBIS) is derived from information on your credit report. It is a number that measures the likelihood of having an insurance claim, not a measure of credit worthiness. Insurers use CBIS along with a number of other factors, including driving records, claims history and the type of home or vehicle you own, to evaluate [..]

This is the basis upon which your claim is settled. In the event of the insured property being destroyed or lost by an event insured against, the insurers undertake to place you back in the same posit [..]

A principle whereby the insurer seeks to place the insured in the same position after a loss as he was in immediately before the loss (as far as possible). The principle does not apply to life assuran [..]

Protection or security against a loss which means the insurance company will compensate the insured for any loss experienced, subject to the terms of the insurance policy.

The principle whereby a person who has suffered a loss is restored, as far as possible, to the same financial position that he/she was in immediately prior to the loss, subject to any contractual limi [..]

Compensation for loss. In property and casualty contract, the objective is to restore an insured to the same financial position after the loss that he or she was in prior to the loss.

Express or implied contract in which liability for a loss is shifted from one person held legally responsible to another person.

Monetary compensation for losses to a third party caused by the insured.

Indemnity cover means you are insuring your equipment for a claim settlement based on its depreciating amount over the term of your policy.

The term Indemnity refers to the principle by which the insured is put in the same financial position after a loss as they were immediately before it.

Also referred to as fee-for-service. This is a type of commercial insurance were the patient can use any provider or hospital

The process or undertaking where the insurer provides financial compensation for loss insured under the policy. The principle of indemnity is based on the insured being returned to a position no better or no worse than they were in prior to the loss.

In general, reimbursement for loss, but also a benefit provided by a policy. In health insurance it sometimes is used to designate a specified amount paid regardless of actual loss or expense incurred [..]

Restoration to the financial place you were prior to the accident. Insurance is designed to make you "whole again," but not to "enrich" you. Thus, it gives you indemnity - making y [..]

In general, means reimbursement for loss, but also is used to mean a benefit provided by a policy.

A fundamental concept governing insurance: compensation for loss or injury sustained.

Restoration of the claimant to the same financial position after any loss or damage by giving payment, repair, or replacement.

As to property insurance — a legal principle that holds an insured should not collect more than what he or she lost in a claim. As to work comp — lost time payments, as opposed to medical bills.

The remuneration paid by the carrier to the insured for loss or damage covered under the insured’s contract; the benefit of insurance.

n. the act of making someone "whole" (give equal to what they have lost) or protected from (insured against) any losses which have occurred or will occur.

Providing indemnity means to financially restore someone after a loss, through payment, repair or replacement.

To protect and secure against damage or loss; to make good; to compensate for loss.

If someone promises to compensate someone else for loss or da mage, it is called an indemnity.

Indemnity is a bond where the indemnifier undertakes to reimburse the beneficiary from any loss arising due to his actions or third party actions.

Insurance principle that aims to ensure the victim of a loss receives the actual amount of the loss, no more and no less.

A promise to compensate another contractual party (‘the indemnified’ or …

A kind of insurance, in which payment is made (often in previously determined amounts) for injuries suffered, not for the costs of recovery. The payment is designed not to be a dependent on anything t [..]

In general, means reimbursement for loss, but also is used to mean a benefit provided by a policy.

An expressed or implied contract to compensate an individual for loss or damage.

Protection of exemption from loss or damage.

insurance against possible loss or damage. A policy of title insurance is a contract of indemnity.

A legal obligation to cover a liability, however arising.

Indemnity is a contractual obligation of one party (indemnifier) to compensate the loss occurred to the other party (indemnity holder) due to the act of the indemnitor or any other party. The duty to [..]