Definition von counter indemnity im Englisch Englisch wörterbuch
(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