Indemnification - Law Dictionary Search Results
Home Dictionary Name: indemnificationindemnification
indemnification 1 a : the action of indemnifying b : the condition of being indemnified 2 : indemnity ...
cover
cover 1 : insure [this policy s other family drivers] 2 : to give protection against or compensation or indemnification for [doesn't flood damage] vi : to obtain cover [where the seller anticipatorily repudiates a contract and the buyer does not "Cosden Oil & Chemical Co. v. Karl O. Helm AG, 736 F.2d 1064 (1984)"] n : purchase of goods in substitution for those originally contracted for when the seller fails to fulfill the contract [the buyer is always free to choose between and damages for nondelivery "Uniform Commercial Code"] ;also : the substituted goods NOTE: Under the Uniform Commercial Code, when a seller does not perform on a contract, the buyer has the option of covering, with the seller paying the difference between the cost of the cover and the original contract price, or seeking damages for nonperformance. Reselling is the seller's comparable remedy when a buyer does not perform under a contract. ...
coverage
coverage 1 : protection or indemnification by an insurance policy [the policy provides extensive against burglary] 2 : a risk assumed by the terms of an insurance contract [the policy lists four s: liability, medical payments, uninsured motorists, and physical damage] ...
indemnity
indemnity pl: -ties 1 a : security against hurt, loss, or damage b : exemption from incurred penalties or liabilities 2 a : indemnification b : something (as a payment) that indemnifies compare contribution ...
reinsurance
reinsurance : insurance or indemnification by a second insurer of all or part of a risk assumed by another insurer as contracted for by the first insurer see also cede compare direct insurance, retrocession ...
third-party claim
third-party claim 1 : a claim made against a third party in a third-party complaint compare counterclaim, cross-action, cross-claim 2 : a claim made by an injured third party (as a third-party beneficiary of workers' compensation insurance) against an insurer or insured for indemnification ...
Indemnification
The act or process of indemnifying preserving or securing against loss damage or penalty reimbursement of loss damage or penalty the state of being indemnified...
Restitution
The act of restoring anything to its rightful owner or of making good or of giving an equivalent for any loss damage or injury indemnification...
Assythment
Assythment is an indemnification due to the heirs of a person murdered from the person guilty of the crime. See Bell's Dict. of the Law of Scotland....
Kalan
Kalan, means a word of somewhat loose connotation and in this sense, a covenant must be taken to provide for indemnification of the plaintiff against loss arising out of any dispute raised by the debtors in the matters of releasing the debts assigned to the plaintiff by the defendant, Jana Kumara v. Samanthabadra, (1944) 2 MLJ 371.The word 'kalan' is used to denote different meanings indifferent contexts. It ordinarily mean 'encumbrances' but in appropriate context it connote a dispute, Ramamurthi Ayyar v. Kuppuswami Ayyar, AIR 1950 Mad 621....
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