Word Finder - indemnities

definition

Security from damage, loss, or penalty.

definition

An obligation or duty upon an individual to incur the losses of another.

definition

Repayment; compensation for loss or injury.

definition

The right of an injured party to shift the loss onto the party responsible for the loss.

definition

A principle of insurance which provides that when a loss occurs, the insured should be restored to the approximate financial condition occupied before the loss occurred, no better, no worse.

It was intended to assign to the war department £T3,804,918, to the grand master of ordnance £T358,108, to the admiralty £T93,912, and to the ministry of finance £T2,443,202 for the payment of the war indemnities in Thessaly and other urgent liabilities, the estimated aggregate extraordinary expenditure thus amounting to £T6,700,140.

The 9,000,000 was sufficient to pay the Alexandria indemnities, to wipe out the deficits of the preceding years, to give the Egyptian treasury a working balance of LE 500,000 and thereby avoid the creation of a fresh floating debt, and to provide a million for new irrigation works.

After paying out of the capital the sums required for the indemnities due for the burning of Alexandria and the deficits of the years 1882 and 1883, it still had a million sterling, and boldly invested it in the improvement of irrigation.

Thanks to Hughs support and to the good offices of Otto and his brother Bruno, archbishop of Cologne and duke of Lorraine, Lothair was chosen king and crowned at Reims. Hugh exacted, as payment for his disinterestedness and fidelity, a renewal of his sovereignty over Burgundy with that of Aquitaine as well; he was in fact the viceroy of the kingdom, and others imitated him by demanding indemnities, privileges and confirmation of rights, as was customary at the beginning of a reign.

Back to top T ax and Indemnities A key question in assessing the value of a settlement deal concerns the impact of tax.

The legal context will be examined, and the reasons for such legalese as warranties and indemnities will be discussed.

The various treaties of Prague, Berlin and Vienna which followed the armistice secured the annexation by Prussia of Hanover, the Elbe duchies, the electorate of Hesse, Nassau and Frankfurt, the dissolution of the existing confederation and the creation of a new North German Confederation under the hegemony of Prussia, and the payment of war indemnities to Prussia (the Austrian share being 6,000,000).

It was Madame de Polignac who obtained the appointment of Calonne as controller-general of the finances,' and who succeeded Madame de Guemenee as "governess of the children of France" after the bankruptcy of the prince de Guemenee in 1782.4 Again, in response to Mercy and Joseph II.'s urgent representations, Marie Antoinette exerted herself on behalf of Austria in the affairs of the opening of the Scheldt (1783-1784) and the exchange of Bavaria (1785), in which, though she failed to provoke active interference on the part of France, she succeeded in obtaining the payment of considerable indemnities to Austria, a fact which led to the popular legend of her having sent millions to Austria, and aroused much indignation against her.