indemnify - Meaning in Telugu

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indemnify - Meaning in Telugu

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Definitions and Meaning of indemnify in English

indemnify verb

1. make amends for; pay compensation for

   Synonyms

   compensate, recompense, repair

   నష్టపరిహార చెల్లింపు

   Examples

   • "One can never fully repair the suffering and losses of the Jews in the Third Reich"
   • "She was compensated for the loss of her arm in the accident"
2. secure against future loss, damage, or liability; give security for

   Example

   • "This plan indemnifies workers against wages lost through illness"

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.

Also see "Indemnity" on Wikipedia

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