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Indemnity

Noun

Definiciones

1.NounSecurity from damage, loss, or penalty.
2.NounAn obligation or duty upon an individual to incur the losses of another.
3.NounRepayment; compensation for loss or injury.
4.NounThe right of an injured party to shift the loss onto the party responsible for the loss.
5.NounA principle of insurance which provides that when a loss occurs, the insured should be restored to the approximate financial condition occupied before the loss occurred, no better, no worse.
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