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Full indemnity refers to a legal principle where one party agrees to compensate another for all losses, damages, or liabilities incurred. This means that the indemnifying party takes on the financial burden of any claims or expenses that arise from a specific situation or agreement. Full indemnity is often included in contracts to protect against unforeseen risks and ensure that the indemnified party is not financially harmed. It provides a comprehensive level of protection, covering both direct and indirect losses.
What else can I help you with?
Are life insurance indemnity contracts?
contact of insurance is an example of indemnity contracts
When was Dumbbell Indemnity created?
Dumbbell Indemnity was created on 1998-03-01.
Where indemnity go on a trial balance?
Indemnity always goes to the credit side.
Is life insurance a contract of indemnity?
Most insurance contracts are indemnity contracts. Indemnity contracts apply to insurances where the loss suffered can be measured in terms of money.
Indemnity in a sentence?
As a result of Bob's indemnity to the bank, he was left with only six dollars.
Subrogation and contribution as a corollaries of the principles of indemnity?
The principle of indemnity is one of the most important rules in insurance. The principle of subrogation and indemnity protects someone from multiple claims.
What is the journal entry for indemnity payment received?
debit cash / bankcredit indemnity income etc
When was Double Indemnity - film - created?
Double Indemnity - film - was created on 1944-09-06.
What are the release dates for Indemnity - 2012?
Indemnity - 2012 was released on: USA: 24 April 2012
What is the symbol for Erie Indemnity Company in NASDAQ?
The symbol for Erie Indemnity Company in NASDAQ is: ERIE.
What is the symbol for Global Indemnity plc in NASDAQ?
The symbol for Global Indemnity plc in NASDAQ is: GBLI.
How do you use the word indemnity in a sentence?
The company paid an indemnity to the city for the street damage done by its trucks. The indemnity policy protected the bank's directors from any personal liability.
