Ballentine's law dictionary. Anderson, W.S.. 1998.
contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… … 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
Indemnity — In*dem ni*ty, n.; pl. {Indemnities}. [L. indemnitas, fr. indemnis uninjured: cf. F. indemnit[ e]. See {Indemnify}.] [1913 Webster] 1. Security; insurance; exemption from loss or damage, past or to come; immunity from penalty, or the punishment of … The Collaborative International Dictionary of English
Indemnity — An indemnity is a sum paid by A to B by way of compensation for a particular loss suffered by B. The indemnifying party (A) may or may not be responsible for the loss suffered by the indemnified party (B). Forms of indemnity include cash payments … Wikipedia
Contract adjustment board — In government contracting, a Contract Adjustment Board is a department board at the Secretariat level which deals with disputes and requests for extraordinary relief under Public Law 85 804[1] of Aug. 28, 1958.[2] In brief: [3] Public Law No. 85… … Wikipedia
Indemnity — Compensation for damages or loss. Indemnity in the legal sense may also refer to an exemption from liability for damages. The concept of indemnity is based on a contractual agreement made between two parties, in which one party agrees to pay for… … Investment dictionary
contract — An agreement between two or more persons which creates an obligation to do or not to do a particular thing. As defined in Restatement, Second, Contracts No. 3: A contract is a promise or a set of promises for the breach of which the law gives a… … Black's law dictionary
contract — An agreement between two or more persons which creates an obligation to do or not to do a particular thing. As defined in Restatement, Second, Contracts No. 3: A contract is a promise or a set of promises for the breach of which the law gives a… … Black's law dictionary
contract bond — ˈkänˌtrakt noun : a bond or other form of indemnity agreement to indemnify one against loss or damage by reason of the breach of a contract (as for building, construction, or supply) * * * an indemnity agreement to protect against loss due to… … Useful english dictionary
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
