letter of indemnity Meaning in Cambridge Business English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of "letter of indemnity" - Business English Dictionary

letter of indemnity

noun [C]
 
 
( plural letters of indemnity)
LAW, INSURANCE a legal document in which a person or company promises to pay for any loss that happens as a result of them doing a particular task. Letters of indemnity are often used when transporting goods by ship: The letter of indemnity protects the shipping company against any claims that may arise from the issue of a clean Bill of Lading. →  Compare indemnity bond
STOCK MARKET a formal letter to ask for new share certificates (= documents) to replace the original certificates that you have lost: Where a certificate is lost, stolen or missing, completion of a letter of indemnity is required.
(Definition of letter of indemnity from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of letter of indemnity?
Add Cambridge dictionaries to your browser to your website
Word of the Day
poke

to greet someone on a social networking website by leaving them a special short message

Word of the Day

The cake was made by my sister: how to use the passive in English.
The cake was made by my sister: how to use the passive in English.
by Liz Walter,
June 24, 2015
Look at these two sentences: My sister made the cake. The cake was made by my sister. Both these sentences mean the same. The first is an active sentence: it tells you what the sister did. The second is a passive sentence: it tells you what happened to the cake. Here are

Read More 

burger noun
burger noun
June 29, 2015
a menu on a computer screen comprising three short parallel horizontal lines which the user clicks to see options Definitely use a burger. You could put the settings in the burger menu too. Fix the settings to the bottom of the burger menu and use a vertically scrolling contact list that scrolls behind

Read More