grant an indemnity
C2CEFR level
80/100Rarity: very rare
TechnicalRegister
To confer on another party a primary contractual promise to make good a defined loss on a pound-for-pound basis.
The parent company agreed to grant an indemnity in respect of any tax liability of the subsidiary arising before completion.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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