Latin for Lawyers

IN DELICTO

IN DELICTO [L. in + delictum / fault, crime] At fault, guilty. See DELICTUM; IN PARI DELICTO INDEMNIFY [L. in + damnum / harm or damage]

To protect against loss or damage. To save harmless from injury or financial loss. To reimburse someone for a loss he has already suffered. Insurance, for example, is a form of contract under which the insurer indemnifies or reim burses the insured for loss or damage. INDEMNITY [L. in + damnum ] An agreement or undertaking under which one party commits to make another party whole upon the occurrence of a loss or injury. An agreement under which one party undertakes to pay the liability imposed upon another for his negligence or fault. An insurance contract providing reimbursement for loss or damage of the insured. Also, the reimbursement or compensation paid under such a contract. INDENTURE [L. in + dent / tooth; to bite into; to make a dent in] An official document executed in two or more copies. A contract under which one person agrees to perform services for another over a period of years. An agreement between a corporate issuer of securities and its investors, describ ing the terms of a bond or debenture and, often, the assets which will secure the debt. The agreement is administered by an indenture trustee . Also, a mortgage, lien or other security instrument creating a secured claim against a debtor in bankruptcy. INDENTURE TRUSTEE A representative named in a trust indenture t o hold title to the security under a bond or debenture and to represent and protect the interests of the bond or debenture holders. IN DESCENDU By descent. INDEX [L. indicare / to make known, show] That part of a book or manuscript which summarizes and refers by categories arranged alphabetically to the contents of the book in order to give access to specific pages and sections. A list of items contained in a written document referring to the page or section where each item may be found. A set of math ematical references, usually keyed to a group of basic standards, used to cal culate changes and adjustments; e.g., an index of stock funds.

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