Indemnity v. Guarantee

What is the difference between Indemnity and Guarantee?

Asked on September 14, 2013 in Indemnity.
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1 Answer(s)

Indemnity means you indemnify a person from some loss in future.

Guarantee means surety from a third person if loan etc is given to some person if he does not pay than guarantor will be held responsible

Answered on September 30, 2016.
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