indemnity
/ɪnˈdɛm.nə.ti/
Definition
A contractual agreement to protect, compensate, or secure a party against loss, damage, or legal liability arising from specific business activities.
Etymology
Derived from the Latin 'indemnis,' meaning 'unhurt' or 'free from loss' (from 'in-' meaning 'not' and 'damnum' meaning 'damage'). It entered Middle English through Old French to describe the act of compensating for loss or damage.
In the news
In the context of this legal and financial article, indemnity refers to the mechanisms used in complex joint ventures to protect investors and partners from potential financial liabilities or losses. It provides essential security for participants when dealing with high-value, long-term real estate assets.
Realty Income Forms Programmatic Joint Venture with Cloud Capital and a Global Institutional Investor to Invest in Hyperscale Data Centers; Initial Seed Assets Valued at Over $6 Billion
Read the full article ↗PR Newswire