indemnification - Meaning in Konkani
indemnification - Meaning in Konkani
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Definitions and Meaning of indemnification in English
indemnification noun
- an act of compensation for actual loss or damage or for trouble and annoyance
- a sum of money paid in compensation for loss or injury
Synonyms
amends, damages, indemnity, redress, restitution
Description
In contract law, an indemnity is a contractual obligation of one party to compensate the loss incurred by another party due to the relevant acts of the indemnitor or any other party. The duty to indemnify is usually, but not always, coextensive with the contractual duty to "hold harmless" or "save harmless". In contrast, a "guarantee" is an obligation of one party to another party to perform the promise of a relevant other party if that other party defaults.
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What is indemnification meaning in Konkani?
The word or phrase indemnification refers to an act of compensation for actual loss or damage or for trouble and annoyance, or a sum of money paid in compensation for loss or injury. See indemnification meaning in Konkani, indemnification definition, translation and meaning of indemnification in Konkani. Find indemnification similar words, indemnification synonyms. Learn and practice the pronunciation of indemnification. Find the answer of what is the meaning of indemnification in Konkani.
Other languages: indemnification meaning in Hindi
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What is indemnification meaning in Konkani, indemnification translation in Konkani, indemnification definition, pronunciations and examples of indemnification in Konkani.
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