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LSDefine

Simple English definitions for legal terms

indemnity

Read a random definition: falsarius

A quick definition of indemnity:

Indemnity: Indemnity is a type of insurance that helps protect you from losing money or things if something bad happens. It's like having a safety net that catches you if you fall. When you have indemnity, someone promises to pay you back if you lose something valuable. This can be money, property, or even your rights. It's important to have indemnity so you don't have to worry about losing everything if something goes wrong.

A more thorough explanation:

Indemnity is a type of insurance that covers a wide range of damages and losses. It is an agreement between two parties where one party promises to compensate the other party for any potential loss or damage.

For example, if you have car insurance, your insurance company will indemnify you if you get into an accident and your car is damaged. They will either pay you cash to cover the cost of repairs or replace your car entirely.

Indemnity can also refer to legal exemption from penalties for unconstitutional or illegal actions. This is typically granted to public officers.

For example, if a police officer is sued for using excessive force during an arrest, they may be indemnified by their department. This means that the department will cover any damages awarded to the plaintiff, rather than the officer having to pay out of their own pocket.

Overall, indemnity is a way to protect individuals and organizations from potential financial losses due to unforeseen circumstances.

indemnify | indenture

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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