indemnity - Meaning in Marathi
indemnity - Meaning in Marathi
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Definitions and Meaning of indemnity in English
indemnity noun
- a sum of money paid in compensation for loss or injury
Synonyms
amends, damages, indemnification, redress, restitution
- legal exemption from liability for damages
- protection against future loss
Synonyms
insurance
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 indemnity meaning in Marathi?
The word or phrase indemnity refers to a sum of money paid in compensation for loss or injury, or legal exemption from liability for damages, or protection against future loss. See indemnity meaning in Marathi, indemnity definition, translation and meaning of indemnity in Marathi. Find indemnity similar words, indemnity synonyms. Learn and practice the pronunciation of indemnity. Find the answer of what is the meaning of indemnity in Marathi.
Other languages: indemnity meaning in Hindi
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What is indemnity meaning in Marathi, indemnity translation in Marathi, indemnity definition, pronunciations and examples of indemnity in Marathi.
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