indemnity and guaranty

indemnity and guaranty
Two distinct undertakings, in that a guaranty is a collateral undertaking, and presupposes some contract or transaction to which it is collateral, while an indemnity is essentially an original contract. Anderson v Spence, 72 Ind 315.

Ballentine's law dictionary. . 1998.

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  • guaranty — guar·an·ty / gar ən tē, gär / n pl ties [Old French garantie, from garantir to guarantee, from garant warrant] 1: a pledge to pay another s debt or to perform another s duty in case of the other s default or inadequate performance compare letter… …   Law dictionary

  • indemnity — in·dem·ni·ty /in dem nə tē/ n pl ties 1 a: security against hurt, loss, or damage b: exemption from incurred penalties or liabilities 2 a: indemnification (1) b: something (as a payme …   Law dictionary

  • Guaranty Trust Company of New York — Guaranty Trust Company of New York  американский банк, слившийся в 1959 году с «J.P. Morgan Co.». Основан в 1864 году как «Established New York Guaranty and Indemnity Company». На компанию имел большое влияние Дж. П. Морган, он инвестировал… …   Википедия

  • guaranty — Synonyms and related words: assurance, assure, attest, back, bail, bailsman, bargain, be sponsor for, bond, bondsman, certify, confirm, contract, countersecure, endorse, ensure, godfather, godparent, guarantee, guarantor, indemnity, insurance,… …   Moby Thesaurus

  • indemnity — Synonyms and related words: absolution, amends, amnesty, assurance, atonement, award, balancing, blood money, bond, certification, commutation, compensation, composition, compromise, consideration, counteraction, counterbalancing, damages,… …   Moby Thesaurus

  • stocks and bonds — Synonyms and related words: assurance, bond, callable securities, cats and dogs, certificate of deposit, corporation securities, foreign securities, futures contract, government securities, guarantee, guaranty, indemnity, insurance, junior… …   Moby Thesaurus

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • fidelity bond — Contract of fidelity insurance. Runcie v. Corn Exchange Bank Trust Co., Sup., 6 N.Y.S.2d 616, 620. A guaranty of personal honesty of officer furnishing indemnity against his defalcation or negligence. Phillips v. Board of Education of Pineville,… …   Black's law dictionary

  • fidelity bond — Contract of fidelity insurance. Runcie v. Corn Exchange Bank Trust Co., Sup., 6 N.Y.S.2d 616, 620. A guaranty of personal honesty of officer furnishing indemnity against his defalcation or negligence. Phillips v. Board of Education of Pineville,… …   Black's law dictionary

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