Definition of Bond of Indemnity

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TeachMeFinance.com - explain Bond of Indemnity



Bond of Indemnity -- A bond to indemnify and save harmless the party to whom the bond is issued against some anticipated loss.

historic definition...

Bond of indemnity -- A written instrument guaranteeing protection against loss.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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