Apr 7, 2015 17:32
9 yrs ago
6 viewers *
English term
United Kingdom
reliable interpreting/translation
Native in: Polish 
Works in: English to Polish, Polish to English, English, and 1 more.
issue indemnity
English
Other
Law: Contract(s)
In pursuance of the objects set out in clause 4 (but not otherwise), the association shall have the following powers:
To borrow money, and to give security in support of any such borrowings by the company, in support of any obligations undertaken by the company or in support of any guarantee issued by the company.
I'm proofreading a translation of this document according to which "issue indemnity" refers to payment of damages. Is it accurate?
To borrow money, and to give security in support of any such borrowings by the company, in support of any obligations undertaken by the company or in support of any guarantee issued by the company.
I'm proofreading a translation of this document according to which "issue indemnity" refers to payment of damages. Is it accurate?
Responses
| 4 +1 | Obligation for compensation; Protection against |
Chien Nguyen
|
| 4 | Indemnity = Compensation for damage, loss, or injury suffered. |
Alok Tiwari
|
References
| definition (in this context) |
AllegroTrans
|
Responses
+1
14 hrs
Chien Nguyen
Vietnam
Vietnam
Native in English
&
English
Specializes in field
Vietnam
SI&CI Interpreter - Versatile Translator
Native in: Vietnamese , English
Works in: English to Vietnamese, Vietnamese to English
Related KudoZ points
:
4
English term (edited):
indemnity
Selected
Obligation for compensation; Protection against
In this case i think it is to issue/to provide the indemnities/the obligation for compensation or protection against losses.
This term is mostly used in the insurance, and also banking activities.
This term is mostly used in the insurance, and also banking activities.
4 KudoZ points awarded for this answer.
Comment: "thanks Chien"
12 mins
Alok Tiwari
India
India
Native in English
&
English
Works in field
India
Christian Translator
Native in: English , Hindi
Works in: English, English to Hindi, Hindi to English, and 3 more.
Indemnity = Compensation for damage, loss, or injury suffered.
Yes, it is correct to say this as a wide definition.
http://www.thefreedictionary.com/indemnity
https://forums.digitalpoint.com/threads/indemnity-what-does-...
--------------------------------------------------
Note added at 9 hrs (2015-04-08 03:21:29 GMT)
--------------------------------------------------
Thanks for the added context.
If you see the references provided you can see the meaning: Indemnify in the legal sense most commonly refers to one entity promising to pay the legal costs suffered by another party. If you sue a police officer for something he did during the course of his job, the government will usually pay any judgment that you get against him because they indemnify officers for certain acts done while on duty.
http://www.thefreedictionary.com/indemnity
https://forums.digitalpoint.com/threads/indemnity-what-does-...
--------------------------------------------------
Note added at 9 hrs (2015-04-08 03:21:29 GMT)
--------------------------------------------------
Thanks for the added context.
If you see the references provided you can see the meaning: Indemnify in the legal sense most commonly refers to one entity promising to pay the legal costs suffered by another party. If you sue a police officer for something he did during the course of his job, the government will usually pay any judgment that you get against him because they indemnify officers for certain acts done while on duty.
Peer comment(s):
| disagree |
AllegroTrans
: No, it's not about compensation per se but about providing an obligation to cover some form of loss (see my reference entry)
5 hrs
|
| agree |
Tushar Deep
11 hrs
|
Reference comments
5 hrs
AllegroTrans
United Kingdom
United Kingdom
Native in English
&
English
Specializes in field
United Kingdom
Sensible solutions
Native in: English (Variant: Wessexois) 
Works in: French to English, English, English to French
Related KudoZ points
:
28
Reference:
definition (in this context)
An indemnity is an obligation by a person (indemnitor) to provide compensation for a particular loss suffered by another person (indemnitee).
Indemnities form the basis of many insurance contracts; for example, a car owner may purchase different kinds of insurance as an indemnity for various kinds of loss arising from operation of the car, such as damage to the car itself, or medical expenses following an accident. In an agency context, a principal may be obligated to indemnify their agent for liabilities incurred while carrying out responsibilities under the relationship. While the events giving rise to an indemnity may be specified by contract, the actions that must be taken to compensate the injured party are largely unpredictable, and the maximum compensation is often expressly limited.
Indemnities form the basis of many insurance contracts; for example, a car owner may purchase different kinds of insurance as an indemnity for various kinds of loss arising from operation of the car, such as damage to the car itself, or medical expenses following an accident. In an agency context, a principal may be obligated to indemnify their agent for liabilities incurred while carrying out responsibilities under the relationship. While the events giving rise to an indemnity may be specified by contract, the actions that must be taken to compensate the injured party are largely unpredictable, and the maximum compensation is often expressly limited.
Discussion