Outrageously Funny Word Dictionary :: Preindemnified

👉 Preindemnified is a legal concept in the United States that refers to the process of reducing or extinguishing a debt before it becomes due. This typically involves transferring the debt from one party to another, usually through a court order or agreement between the parties involved. Preindemnification can be used to prevent a person from being held liable for a debt that is not fully paid by the other party.

preindemnified