counter indemnity

English - Turkish

Definition of counter indemnity in English Turkish dictionary

(Ekonomi) Karşılıklı güven, karşılıklı teminat

English - English

Definition of counter indemnity in English English dictionary

(Ekonomi) Indemnification is the act of making another "whole" by paying any loss another might suffer. The party who pays the loss is called a guarantor. Counter indemnity agreements allow a guarantor to seek reimbursement in the event they have to pay a claim for any part of the guarantee amount they must pay in the event of a default in the primary agreement. Such agreements are governed by contract law and are used in such transactions as bonds and loans, etc

Hyphenation

count·er in·dem·ni·ty

Turkish pronunciation

kauntır îndemnıti

Pronunciation

/ˈkountər ənˈdemnətē/ /ˈkaʊntɜr ɪnˈdɛmnətiː/