DEFINITION of 'Letter Of Indemnity'
1. A letter guaranteeing that contractual provisions will be met, otherwise financial reparations will be made.
2. A letter requesting replacements for lost shares from a company's treasury.
INVESTOPEDIA EXPLAINS 'Letter Of Indemnity'
1. The principal behind a letter of indemnity is the guarantee that losses will not be suffered, should certain provisions of a contract not be met.
The portion of shares that a company keeps in their own treasury. ...
A document provided by the seller of a piece of property that ...
A letter from a bank guaranteeing that a buyer's payment to a ...
A written statement declaring the physical loss of a security ...
The use or production of copyright protected material without ...
A standard agreement used in over-the-counter derivatives transactions.