INDEMNIFICATORY Meaning and
Definition
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The term "indemnificatory" is an adjective that refers to something related to indemnification. Indemnification is the act of compensating, reimbursing, or making amends for losses, damages, or expenses incurred by an individual or organization. It aims to restore the affected party to the same financial position they were in before the loss or damage occurred.
In the context of legal or insurance matters, "indemnificatory" is commonly used to describe clauses, agreements, or actions that are specifically designed to provide protection and financial security. It denotes the capacity of such clauses or agreements to offer reimbursement or compensation for specified events, occurrences, or liabilities.
For instance, in an insurance policy, an "indemnificatory clause" may outline the conditions under which the insurance provider will compensate the policyholder for covered losses or damages. This clause sets forth the rights and obligations of both parties involved, establishing the parameters within which indemnity will be provided.
When used in a broader sense, "indemnificatory" can also refer to actions taken with the intention of mitigating risks, liabilities, or potential negative consequences. In this sense, the term emphasizes acts that aim to prevent harm or loss, often by providing adequate compensation or protection to the parties involved.
Overall, the term "indemnificatory" pertains to the compensation and protection measures associated with indemnification, whether in the form of agreements, clauses, actions, or provisions.
Common Misspellings for INDEMNIFICATORY
- indemnificatorq
- indemnificatorx
- indemnificatoary
- indemnificatwory
- i ndemnificatory
- in demnificatory
- ind emnificatory
- inde mnificatory
- indem nificatory
- indemn ificatory
- indemni ficatory
- indemnif icatory
- indemnifi catory
- indemnific atory
- indemnifica tory
- indemnificat ory
- indemnificato ry
- indemnificator y
Etymology of INDEMNIFICATORY
The word "indemnificatory" is derived from the root word "indemnify" and the suffix "-ory".
The term "indemnify" comes from the Latin word "indemnitas", which means "security against damage or loss". This Latin term is constructed from the prefix "in-" meaning "not" and "damnum" meaning "damage" or "loss". The word "indemnify" first emerged in English in the early 17th century.
The suffix "-ory" in "indemnificatory" is derived from the Latin suffix "-orius", which is used to form adjectives. It indicates "relating to" or "characterized by". Thus, when added to "indemnify", it produces the adjective form "indemnificatory", referring to something that involves or relates to indemnification or compensation for loss or damage.
