Letter Of Indemnity

AAA

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.

RELATED TERMS
  1. Treasury Stock (Treasury Shares)

    The portion of shares that a company keeps in their own treasury. ...
  2. Affidavit Of Title

    A document provided by the seller of a piece of property that ...
  3. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a ...
  4. Affidavit Of Loss

    A written statement declaring the physical loss of a security ...
  5. Copyright Infringement

    The use or production of copyright protected material without ...
  6. ISDA Master Agreement

    A standard agreement used in over-the-counter derivatives transactions.
Related Articles
  1. I lost my share certificate. Do I still ...
    Investing

    I lost my share certificate. Do I still ...

  2. Old Stock Certificates: Lost Treasure ...
    Investing Basics

    Old Stock Certificates: Lost Treasure ...

  3. How do you get a hard copy of a stock ...
    Investing

    How do you get a hard copy of a stock ...

  4. ISDA Master Agreement
    Investing Basics

    ISDA Master Agreement

comments powered by Disqus
Hot Definitions
  1. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  2. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  3. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  4. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  5. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  6. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
Trading Center