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 Says:
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:
Affidavit Of Loss
Letter of Credit
Treasury Stock |