Indemnity
A document which contains a legally binding undertaking to make payment to a paying bank in response to an indemnity claim. An indemnity, in standard form, is an essential requirement of the Direct Debit Scheme.
A document which contains a legally binding undertaking to make payment to a paying bank in response to an indemnity claim. An indemnity, in standard form, is an essential requirement of the Direct Debit Scheme.