"Indemnity" is a word in LAW AND LEGAL, ENGLISH
An Indemnity ls a col-lateral contract or assurance, by which one person engages to secure another against an anticipated loss or to prevent him from be-lng damnified by the legal consequences of an act or forbearance on the part of one of the parties or of some thlrd person. See Clv. Code CaL § 2772, Davis v. Phanlx Ins. Co., Ill Cal. 409, 43 Pac. 1115; Vandiver ▼. Poliak, 107 Ala. 547, 19 South. 180, 54 Am. St Rep. 118; Henderson-Achert Lithograph-lc Co. v. John ShlUlto Co., 64 ohlo SL 236, 60 N. E. 295, 83 Am. St Rep. 745. Thus, lnsurance ls a contract of lndemnlty. So an Indemnifying bond ls glven to a sheriff who fears to proceed under an execution where the property is claimed by a stranger
Security; insurance; exemption from loss or damage, past
or to come; immunity from penalty, or the punishment of past offenses;
amnesty.
Indemnification, compensation, or remuneration for loss,
damage, or injury sustained.
The best sleep imaginable is sleeping in your dreams
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Several years ago, Andy was sentenced to prison. During his stay, he got along well with the guards and all his fellow inmates. The warden saw that deep down, Andy was a good person and made arrangements for Andy to learn a trade while doing his time. After three years, Andy was recognized as one of the best carpenters in the local area. Often he would be given a weekend pass to do odd jobs for the citizens of the community.... and he always reported back to prison before Sunday night was over.The warden was thinking of remodeling his kitchen and in fact had done much of the work himself. But he lacked the skills to build a set of kitchen cupboards and a large counter top which he had promised his wife. So he called Andy into his office and asked him to complete the job for him.But, alas, Andy refused. He told the warden, "Gosh, I'd really like to help you but counter fitting is what got me into prison in the first place".
In the law of insur-ance, the adjustment of a loss ls the ascer-tninment of Its amount and the ratable distribution …
Read the complete definitionIn medical jurisprudence. Loss of the faculty or power of articulate speech; a condition In which the patient, while retaining …
Read the complete definitionIndemnification; pay-ment of damages; making amends; that which ls necessary to restore an injured par-ty to his former position. An …
Read the complete definitionA mercantile instrument in writing, by which one party, in consideration of a premium, engages to lndemnify another against a …
Read the complete definition