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Definitions from the Web

Indemnity Bond

Description: An indemnity bond is a legal document that provides a guarantee against potential financial loss or damage. It is usually executed by an individual or organization to secure protection against specific risks or liabilities.

Part of Speech: Noun

Senses:

1. A bond issued to indemnify or compensate against potential loss or damages.

Usages:

1. The construction company posted an indemnity bond to cover any damages that may occur during the project.
2. Before accessing the confidential information, the employee was required to sign an indemnity bond.
3. The seller provided an indemnity bond to assure the buyer that the product was of high quality.

Related Products:

• Indemnity Bond Forms
• Indemnity Bond Insurance
• Indemnity Bond Template