indemnification


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  • noun

Synonyms for indemnification

Synonyms for indemnification

an act of compensation for actual loss or damage or for trouble and annoyance

References in periodicals archive ?
And at this time, there is also no known circumstance requiring indemnification,' Sanofi said Monday in a statement.
Clients include defense and indemnification provisions in engagement letters in an attempt to insulate themselves from exposure and shift responsibility to the CPA firm.
These are gone forever, but within the terms of the policy contract, the adjuster's ethical duty is to come as close to the principle of indemnification as possible.
Regardless, try to limit the value of the indemnification to the value of your contract, Smith advised.
In addition, the early termination eliminates further negative accretion on the FDIC indemnification asset, which totaled USD26.
the concept of forced indemnification, and we offered the committee a variety of reasons why forced indemnification would not likely be lawful and certainly wouldn't be good policy," he added.
Generic indemnification provisions tend to focus on who and what is covered the goal being to reduce as much as possible the financial outlay associated with certain events.
There are three levels of indemnification: "Broad Form" indemnification is where another party indemnifies an owner even for their sole negligence.
But third-party legal experts, who declined to comment on the WesCorp specifics but who did offer insights into how indemnification and traditional directors and officers insurance are supposed to work, said that it is common for policies to have restrictions that invalidate any coverage after certain triggering events.
The appraiser's indemnification provision stated: "The client [credit union] agrees to indemnify and hold harmless [appraiser's firm], its officers, and employees from any and all claims for loss and liabilities of any nature whatsoever arising out of or related to this contract, the appraisal report, or the inclusion of the appraisal report as an exhibit to a registration statement and prospectus used as part of a real estate securities offering.
Some countries do not permit corporate indemnification, some allow for more limited indemnification as found in the United States, and others are silent on the issue of indemnification.
LinuxIT has launched a indemnification program to underwrite community-based Open Source software, which will provide organisations with a guarantee and assurance at zero risk.
and Times Square Tower Associates, LLC are entitled to common law indemnification from defendantgeneral contractor John Gallin & Son, Inc.
Thus, if a hospital is entitled to indemnification from any party it should being its action for indemnification within the statutory period or lose it
Such an indemnification could in theory have resulted in Canal's being the ultimate obligor on the bank loan.