noun a word that refers to a person, place, thing, event, substance, or quality
preposition a word that shows the relationship between a noun (or pronoun) and other words in a sentence
In the legal field, an act of indemnity refers to a legislative act that grants immunity or protection from legal responsibility or liability for certain actions or decisions.
In finance, an act of indemnity may be used in relation to financial transactions or contracts to provide assurance or protection against potential risks or liabilities.
In the business world, an act of indemnity can be included in contracts or agreements to specify the terms under which one party agrees to compensate or protect the other party from specific risks or losses.
In government settings, an act of indemnity may be passed to provide legal protection or immunity to individuals or entities involved in certain activities or decisions on behalf of the government.
In the insurance industry, an act of indemnity is a legal agreement that ensures compensation or reimbursement for losses or damages incurred by the insured party.
In the legal field, a writer may refer to an act of indemnity when writing about legislation or court cases involving indemnification for damages or losses.
A psychologist may encounter the term act of indemnity when discussing legal issues related to liability or insurance coverage for mental health services.
An insurance agent may use the term act of indemnity when explaining the coverage provided by a particular insurance policy, including details about indemnification for losses.
An accountant may come across the concept of act of indemnity when reviewing financial statements or contracts that include provisions for indemnification in case of financial losses.