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   In·dem·ni·ty

   /inˈdemnədē/

   

   noun

   • 1. security or protection against a loss or other financial burden: "no indemnity will be given for loss of cash" Similar insuranceprotectionsecurityindemnificationsuretyendorsementguaranteewarrantysafeguardassurance
   • ▪ security against or exemption from legal liability for one's actions: "a deed of indemnity" Similar immunityexemptionexceptiondispensationexclusionfreedomreleasereliefabsolutionexonerationspecial treatmentprivilegefavoritismimpunityinformal:a let-offrare:derogation
   • ▪ a sum of money paid as compensation, especially a sum exacted by a victor in war as one condition of peace. Similar reimbursementcompensationrecompenserepaymentrestitutionpaymentremunerationrequitalredressreparation(s)damagesinformal:comparchaic:guerdonmeedrare:solatium

   Word Origin late Middle English: from French indemnite, from late Latin indemnitas, from indemnis ‘unhurt, free from loss’.

   Scrabble Points: 15

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2. www.legalzoom.com › articles › what-is-indemnity-andWhat Is Indemnity and Why Is It Important? | LegalZoom

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   Jul 15, 2024 · Indemnity is an important element of contracts because it is designed to punish a party who breaches the contract. Learn about the different types of indemnity and why they're essential.

   • Author: Tami Kamin Meyer

3. People also ask

   What does indemnity mean?

   • : a promise to pay for the cost of possible damage, loss, or injury : a payment made to someone because of damage, loss, or injury What made you want to look up indemnity? Please tell us where you read or heard it (including the quote, if possible). Test Your Vocabulary! How to use a word that (literally) drives some people nuts. Know what this is?

   Indemnity | Definition of indemnity by Merriam-Webster

   www.merriam-webstercollegiate.com/dictionary/indemnity

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   What is an indemnity contract & how does it work?

   • The company provides an indemnity against any damages caused during the delivery process. The contract provides an indemnity that protects him from any legal penalties should things go wrong. After the accident, she received an indemnity worth the damage cost from her insurance company.

   indemnity Definition, Meaning & Usage | Justia Legal Dictionary

   dictionary.justia.com/indemnity

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   What is an indemnity clause?

   • Indemnification is protection against loss or damage. When a contract is breached, the parties look to its indemnity clause to determine the compensation due to the aggrieved party by the nonperformer. The point is to restore the damaged party to where they would have been if not for the nonperformance. Another type of indemnity is loan indemnity.

   What Is Indemnity and Why Is It Important? - LegalZoom

   www.legalzoom.com/articles/what-is-indemnity-and-why-is-it-important

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   What does an indemnity cover?

   • Indemnities can cover a range of subject matters. The main ones are people (death, injury or illness), property damage and consequential loss. In relation to property damage, it is helpful to specify whether an indemnity is to cover only property that is owned by the party or also property that is leased, hired or otherwise provided.

   Risk allocation in major construction projects The use of indemnities

   www.eversheds-sutherland.com/documents/services/construction/risk-allocation-construction-projects.pdf

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4. www.dictionary.com › browse › indemnityINDEMNITY Definition & Meaning | Dictionary.com

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   compensation for damage or loss sustained. something paid by way of such compensation. protection, as by insurance, from liabilities or penalties incurred by one's actions. legal exemption from penalties attaching to unconstitutional or illegal actions, granted to public officers and other persons. indemnity.

5. Videos

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     investopedia.com

     Indemnity: What It Means in Insurance and the Law

     Dec 31, 2008

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     investopedia.com

     What Is Indemnity Insurance? How It Works and Examples

     Dec 31, 2008

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     5:05

     youtube.com

     Law of Indemnity | Indian Contract Act | Simple Explanation

     May 10, 2022

     71.1K Views

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6. www.oxfordlearnersdictionaries.com › indemnityindemnity noun - Definition, pictures, pronunciation and ...

   www.oxfordlearnersdictionaries.com › indemnity

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   indemnity. noun. /ɪnˈdemnəti/. /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.

7. www.merriam-webstercollegiate.com › indemnityIndemnity | Definition of indemnity by Merriam-Webster

   www.merriam-webstercollegiate.com › indemnity

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   Define indemnity: a promise to pay for the cost of possible damage, loss, or injury—usage, synonyms, more.

8. dictionary.cambridge.org › indemnityindemnity | meaning in the Cambridge Learner’s Dictionary

   dictionary.cambridge.org › indemnity

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   indemnity definition: 1. protection against possible damage or punishment 2. money paid or promised to you if something…. Learn more.

9. dictionary.justia.com › indemnityindemnity Definition, Meaning & Usage | Justia Legal Dictionary

   dictionary.justia.com › indemnity

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   Protection provided against any potential harm, loss, or damage. An exemption that prevents a person from suffering legal consequences or liabilities. A specific form of compensation that offers protection or reimbursement. How to use "indemnity" in a sentence.

10. www.merriam-webster.com › dictionary › indemnitiesIndemnities Definition & Meaning - Merriam-Webster

    www.merriam-webster.com › dictionary › indemnities

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    The meaning of INDEMNITY is security against hurt, loss, or damage. How to use indemnity in a sentence.