Indemnity - Law Dictionary Search Results
statutory employer
(as a contractor) to perform work in the course of a business and who is liable for workers' compensation according to a statute establishing such an employment relationship or liability
stock bonus plan
stock bonus plan : a form of deferred compensation that is funded by employer contributions of corporate securities with dividends usually reinvested
stock option plan
stock option plan : a form of deferred compensation that allows an employee to buy corporate stock at a set price (as the prevailing market price at
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taking
that is caused by government action and esp. by the exercise of eminent domain and for which just compensation to the owner must be given according to the Fifth Amendment to the U.S. Constitution see also inverse
third-party claim
an injured third party (as a third-party beneficiary of workers' compensation insurance) against an insurer or insured for indemnification
use and occupation
use and occupation : an action in which the owner of property seeks compensation for use and occupation of the premises by another (as a tenant remaining in possession after expiration of
mesotartaric
acid called also inactive tartaric acid It is an optically inactive stereoisomer of tartaric acid due to internal compensation of the rotatory activity of the two asymmetric centers it has a plane of symmetry in the molecule
viatical settlement
of a life insurance policy covering a person (as the owner) with a catastrophic or life-threatening illness receives compensation for less than the expected death benefit of the policy in return for an assignment, transfer, sale, devise,
vouching-in
a defendant named in a lawsuit notifies another that he or she will look to the other for indemnity of an adverse judgment and that the other will be bound by the judgment if he or she
waste
care or sound judgment in managing them ;esp : a transfer of corporate assets (as through excessive executive compensation or a merger) for no legitimate business purpose or for less than what a person of ordinary sound
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