Theo Abrams
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Feb 25, 2024 · Indemnity is a form of insurance or legal agreement that compensates one party for losses or damages caused by another. Learn about different types of indemnity, how it works, and its historical applications.
INDEMNITY definition: 1. protection against possible damage or loss, especially a promise of payment, or the money paid…. Learn more.
Feb 1, 2023 · Learn about the concept of indemnity, a kind of compensation that protects you from losses due to the actions of another party. Find out the essentials, rights, liabilities, and differences of a contract of indemnity with insurance and guarantee.
Learn the meaning of indemnity as a noun and an adjective, with synonyms, examples, and word history. Find out how indemnity is used in law, insurance, and business contexts.
noun. compensation for loss or damage; reimbursement. protection or insurance against future loss or damage. legal exemption from penalties or liabilities incurred through one's acts or defaults. (in Canada) the salary paid to a member of Parliament or of a legislature. act of indemnity.
Indemnity is a noun that means protection against possible damage or loss, or the money paid if there is such damage or loss. Learn how to use it in different contexts, such as insurance, law and government, and see translations in other languages.
noun. /ɪnˈdemnəti/ (plural indemnities) (formal or law) [uncountable] indemnity (against something) protection against damage or loss, especially in the form of a promise to pay for any damage or loss that happens. an indemnity clause/fund/policy. indemnity insurance. Definitions on the go.
