indemnity

An Inemnity is a sum paid by A to B by way of compensation for a particular loss suffered by B. The indemnifying party (A) may or may not be responsible for the loss suffered by the indemnified party (B).

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Insurance term meaning to protect against damage, loss or injury

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Who needs professional indemnity insurance?
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Laws and Bare Acts of India: Section 3 - The All-India Service Regulations (Indemnity) Act, 1975

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