indemnity against liability

A right to indemnity that arises on the indemnitor’s default, regardless of whether the indemnitee has suffered a loss. [Cases: Indemnity 31(4), 42.]

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词条贡献者

双语律师William，国内知名法学院金融专业，擅长翻译各类与投资基金、投资顾问及金融衍生工具相关的法律文件。