Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
bill of indemnity
1.Hist. An act of Parliament passed annually to protect officeholders who unwittingly fail to take an oath necessary for office holding from liability for acts done in an official capacity. 0 A more general statute, the Promissory Oaths Act, replaced the bill of indemnity in 1868. 2. A law protecting a public official from liability for official acts. 3. An initial pleading by which a plaintiff seeks to require another (often an insurance company) to discharge the plaintiff's liability to a third person.
double indemnity
The payment of twice the basic benefit in the event of a specified loss, esp. as in an insurance contract requiring the insurer to pay twice the policy's face amount in the case of accidental death
indemnity
n. 1. A duty to make good any loss, damage, or liability incurred by another. 2. The right of an injured party to claim reimbursement for its loss, damage, or liability from a person who has such a duty. 3. Reimbursement or compensation for loss, damage, or liability in tort; esp., the right of a party who is secondarily liable to recover from the party who is primarily liable for reimbursement of expenditures paid to a third party for injuries resulting from a violation of a common-law duty. - indemnitory, adj. Cf CONTRIBUTION.
indemnity against liability
A right to indemnity that arises on the indemnitor's default, regardless of whether the indemnitee has suffered a loss.
indemnity bond
See BOND (2)
indemnity bond.
A bond to reimburse the holder for any actual or claimed loss caused by the issuer's or some other person's conduct.
indemnity clause
A contractual provision in which one party agrees to answer for any specified or unspecified liability or harm that the other party might incur. - Also termed holdharmless clause; save-harmless clause. Cf. EXEMPTION CLAUSE.
indemnity insurance
See first party insurance under INSURANCE.
indemnity insurance.
See first party insurance.
indemnity land
See INDEMNITY LAND.
indemnity principle
Insurance. The doctrine that an insurance policy should not confer a benefit greater in value than the loss suffered by the insured.