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indemnity bond

/ɪnˈdɛm.nɪ.ti bɒnd/
Main Example

The contractor signed an indemnity bond to ensure protection against any claims.

Example context
Grammatical Info:
Noun (n.)

A legal agreement that protects one party from financial loss or damage caused by another party.

Other Example
Synonyms
Synonyms

indemnity bond

/ɪnˈdɛm.nɪ.ti bɒnd/
Main Example

The company required an indemnity bond before starting the project.

Example context
Grammatical Info:
Noun (n.)

A type of bond used in construction or business to guarantee that obligations will be met.

Other Example
Synonyms
Synonyms

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