"Indemnities" Pronounce,Meaning And Examples

"Indemnities" Natural Recordings by Native Speakers

Indemnities

"Indemnities" Meaning

Indemnities refer to financial compensation or reimbursement made to someone who has suffered a loss or damage, often as a result of a breach of contract or other legal obligation. It can also refer to a payment made by one party to another to protect the second party from a potential loss or damage.

"Indemnities" Examples

Usage Examples of "Indemnities"

1. Insurance Contract

The policyholder agrees to pay premiums and the insurance company agrees to provide indemnities to cover any accidents that may occur during the policy period.

2. Business Agreement

The contract stated that the vendor was responsible for any damages or liabilities and would provide indemnities to the buyer in case of any claims.

3. Financial Analysis

The excel sheet showed the breakdown of the budget, including deductions, credits, and indemnities, to calculate the net profit.

4. Healthcare Insurance

The health insurance policy included indemnities for surgical procedures, hospital stays, and doctor visits, in case the policyholder fell ill or injured.

5. Construction Company

The construction company was required to provide indemnities to the property owners in case of any damage to the buildings or structures during the construction process.

Note: Indemnities refer to the compensation or payment made to compensate for loss, damage, or injury.

"Indemnities" Similar Words

Indemnification

Indemnification is the act of compensating someone for losses or damages resulting from an event or situation. It is a form of protection or compensation, often provided by a third party, such as an insurance company, a contract, or a law, which ensures that the injured party does not suffer a financial loss. In business, indemnification is often included in contracts to protect against potential claims or lawsuits. For example, a company may indemnify its employees for medical expenses or legal fees resulting from an accident that occurs while they are performing their job duties.

Indemnifications

Indemnified

Compensated or financially protected from loss or damage; freed from liability or responsibility.

Indemnifier

An indemnifier is a person or entity that agrees to compensate another party for any loss or damage that may occur as a result of a specific event or situation. In other words, they provide financial protection or indemnification to another party against a specific risk or liability.

Indemnifies

Indemnify

Indemnifying

Indemnisation

Indemnity

Indemnization

Indent

Indentation

Indentation refers to the practice of starting a paragraph or an item with a certain number of spaces or tabs, usually more than what is provided by the default formatting, in order to create a visual hierarchy or separation from other text.