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An indemnity is distinct from a warranty in that: [8] An indemnity guarantees compensation equal to the amount of loss subject to the indemnity, while a warranty only guarantees compensation for the reduction in value of the acquired asset due to the warranted fact being untrue (and the beneficiary must prove such diminution in value).
The Indemnity Ordinance, 1975 was a controversial law enacted by the martial law administration of Bangladesh on 26 September 1975. It provided legal immunity to all persons involved in the assassination of Sheikh Mujibur Rahman , who was killed with most of his family on 15 August 1975.
Surety bonds are instruments that create a legal obligation for one party to pay another. An indemnity bond is a specific type of surety bond that's often used in situations where someone is ...
The bond typically includes an indemnity agreement whereby the principal contractor or others agree to indemnify the surety if there is a loss. [19] In the United States, the Small Business Administration may guaranty surety bonds; in 2013 the eligible contract tripled to $6.5 million.
A contract is a legally binding agreement made between parties involved in a transaction for the exchange of goods or services. The agreement often comes in the form of a written instrument that provides the terms or conditions of the arrangement, each of which correspond to an obligation that one of the parties entering the agreement is obliged to fulfill.
The economic value of bond insurance to the governmental unit, agency, or other issuer of the insured bonds or other securities is the result of the savings on interest costs, which reflects the difference between yield payable on an insured bond and yield payable on the same bond if it was uninsured—which is generally higher.
The Bangladesh National Liberation Struggle (Indemnity) Order, 1973 (President's Order) The Trade Marks (Invalidation and Summary Registration) Order, 1973 (President's Order) The Bangladesh Wild Life (Preservation) Order, 1973 (President's Order) [Repealed] The Bangladesh Red Crescent Society Order, 1973 (President's Order)
The Ambac Financial Group, Inc., generally known as Ambac (originally the American Municipal Bond Assurance Corporation), is an American holding company. Its subsidiaries provide financial guarantee products such as bond insurance to clients in both the public and private sectors globally.