Indemnity is a legal or contractual promise to compensate for harm or loss, typically by paying money to cover damages. It also refers to protection against such liability. The term is often used in insurance, contracts, and tort law to allocate risk and ensure compensation for specified harms.
Full pronunciation guide17 of 34 videos
0:57Covenant
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0:57Default
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0:57Equity
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0:57Estoppel
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1:02Fiduciary
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0:55Fraud
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1:00Indemnity
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1:05Interpretation
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1:04Jurisdiction
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1:02Liability
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