letter of indemnity
noun[C]
ukuspluralletters of indemnityLAW,INSURANCE
alegaldocumentin which apersonorcompanypromisestopayfor anylossthathappensas aresultof them doing aparticulartask. Letters ofindemnityare often used whentransportinggoodsbyship:
Theletterofindemnityprotectstheshippingcompanyagainst anyclaimsthat mayarisefrom theissueof acleanBillof Lading.
Compare
indemnity bond
STOCK MARKET
aformallettertoaskfor newsharecertificates(=documents)toreplacetheoriginalcertificatesthat you havelost:
Where acertificateislost,stolenormissing,completionof aletterofindemnityisrequired.