Definition of Indemnity payment

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TeachMeFinance.com - explain Indemnity payment



Indemnity payment

The term 'Indemnity payment ' as it applies to the area of agriculture can be defined as ' The payment that eligible producers receive if they realize a qualifying crop loss under crop insurance, revenue insurance, or any insurance program'.

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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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