letter of indemnity

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1 A letter stating that the organization issuing it will compensate the person to whom it is addressed for a specified loss. See also indemnity.

2 A letter written to a company registrar asking for a replacement for a lost share certificate and indemnifying the company against any loss that it might incur in so doing. It may be required to be countersigned by a bank.

Subjects: Business and Management — Economics.

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