Indemnification, also known as "تلافی" in Urdu, refers to the act of compensating someone for a loss, damage, or liability they have incurred. It is a legal term that involves providing protection or financial reimbursement to an individual or organization for any harm or expenses they have suffered due to a third party's actions or negligence. There are different types of indemnification meaning in Urdu, which are as follows: 1. تحفظی تلافی (Preservation Indemnification): This type of indemnification focuses on safeguarding the rights and interests of an individual or entity. It ensures compensation for any damages or losses incurred by the indemnified party, preserving their wellbeing and financial stability. 2. قانونی تلافی (Legal Indemnification): This type of indemnification specifically pertains to legal matters. It involves compensating someone for legal expenses or liabilities resulting from lawsuits, claims, or legal actions brought against them. 3. مالی تلافی (Financial Indemnification): Financial indemnification refers to providing reimbursement or compensation for monetary losses or damages incurred by an individual or organization. It helps restore the financial position of the indemnified party, covering expenses, loss of income, or any other financial impacts. 4. خسارے کی تلافی (Compensation for Damages): This type of indemnification focuses on providing compensation for damages caused to someone's property, reputation, or personal well-being. It ensures that the injured party receives adequate financial or non-financial compensation for the harm they have suffered. 5. جانشینی کرنا (Subrogation): Subrogation is a form of indemnification where an individual or entity takes on the rights and claims of another party after compensating them for a loss. The indemnifying party assumes the position of the original claimant and can pursue legal action or seek compensation from the responsible party. In summary, indemnification in Urdu, or "تلافی," refers to the act of compensating someone for losses, damages, or liabilities incurred. It can be classified into various types, including preservation indemnification, legal indemnification, financial indemnification, compensation for damages, and subrogation. This concept aims to provide protection and reimbursement to individuals or organizations affected by the actions or negligence of a third party.
Indemnification Meaning In Urdu
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For instance, North Carolina's adverse possession laws require an individual to occupy an otherwise neglected property publicly for at least 20 years, or seven years with "color of title" (meaning he or she has reason to believe they have the right to possess the property).
In North Carolina, taking lost property, including money, is considered theft if a person does not make a reasonable effort to find the owner, ing to The Law Office of Kevin L. Barnett in Charlotte.
Unclaimed property consists of bank accounts, wages, utility deposits, insurance policy proceeds, stocks, bonds, and contents of safe deposit boxes that typically have been abandoned for one to five years.
A presumption of abandonment shall arise 10 or more days after the landlord has posted conspicuously a notice of suspected abandonment both inside and outside the premises and has received no response from the tenant.
If the landlord does not hear from the tenant in 10 days, the property will be considered abandoned. In the event the landlord does not hear from the tenant in the 10 days under the notice, the property is considered abandoned.
Unclaimed property ?holders? include corporations, partnerships, sole proprietorships, retailers, manufacturers, financial institutions, governmental agencies, universities, hospitals, utilities, insurance companies, and others.
§ 116B-53. Presumptions of abandonment. (c) Property is presumed abandoned if it is unclaimed by the apparent owner during the time set forth below for the particular property: (1) Traveler's check, 15 years after issuance.