Where does the word indemnity come from?
Where does the word indemnity come from?
It comes from the Latin indemni(s), meaning “without loss” or “uninjured.” This is formed from the prefix in-, which has a negating effect equivalent to un-, and demn-, from damnum, meaning “loss.” Indemnity is most commonly used in the context of insurance and legal contracts.
What does will indemnify mean?
It’s a legally binding promise to protect another person against loss from an event or series of events: they are indemnified and protected from liability. Sometimes, indemnities are implied into the terms of contracts automatically, due to the nature of the legal relationship between the two parties.
What is the root word of painless?
“suffering no pain; in a painless manner,” from pain (n.) + -less.
What is the definition of the word requite?
1a : to make return for : repay. b : to make retaliation for : avenge. 2 : to make suitable return to for a benefit or service or for an injury.
Shall not indemnify meaning?
LAW. to protect someone from having legal responsibility for something: idemnify sb against sth. Directors cannot be indemnified against liability for negligence.
What is the opposite of indemnify?
indemnify. Antonyms: fine, mulct, amerce. Synonyms: compensate, se cure, satisfy, reimburse.
What happens when you indemnify someone?
Indemnity or indemnification is a common term that is included in many contracts. In its simplest form, indemnity means that one party in the contract is responsible for compensating another for loss, damages, and/or injury incurred as a result of that party’s actions.
What’s the difference between damages and indemnity?
An award of damages for breach of warranty aims to put the claimant in the position it would have been in had the warranty been true, subject to the usual contractual rules on mitigation and remoteness. In contrast, an indemnity is a promise to reimburse the claimant in respect of loss suffered by the claimant.
What is the root word for disappear?
The word vanishing is a gerund, or a noun that’s made by adding ing to a verb, in this case vanish. It in turn comes from the Latin evanescere, “disappear,” whose root word is vanus, or “empty.”
What is the root word of misfortune?
meaning of the word. For example, mis + fortune = misfortune. *A root word stands on its own as a word but you can make new words from it by adding beginnings (prefixes) and endings (suffixes). For example, ‘comfort’ is a root word.
What does it mean to indemnify someone?
In law, to indemnify means to protect a party from suffering any losses. Indemnity is a form of compensation for losses or damages, often in relation to a legal contract. The term refers to both the pre-loss guarantee of compensation and the compensation itself.
What is the etymology of the word indemnity?
Etymology 2. From in- (“into”) + damnify (“to injure; to wrong”), assimilated to indemn and indemnify (“secure against loss; compensate, reimburse”). Verb. (obsolete, rare) to hurt, to harm 1583, Thomas Stocker’s translation of A tragicall historie of the troubles and ciuile warres of the lowe Countries, i. 63a He…
What is the meaning of indindemnify?
indemnify (third-person singular simple present indemnifies, present participle indemnifying, simple past and past participle indemnified) To secure against loss or damage; to insure.
What is a bond of indemnity?
Definition of bond of indemnity. : an indemnification agreement filed with a carrier relieving it from liability for something that it would otherwise be liable for.
