Indemnity: Canada Debt .ca defines Indemnity

Bankruptcy Term Indemnity

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Canada Debt has the definition to the bankruptcy and debt term Indemnity. Finding answers to terms such as Indemnity can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Indemnity in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Indemnity' is used as follows:

The act of one party protecting or guaranteeing protection, or freedom from liability, of a third party for actions of that party.