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- DictionaryIn·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"
3 days ago · indemnity in American English. (ɪnˈdɛmnɪti ) noun Word forms: plural inˈdemnities. 1. protection or insurance against loss, damage, etc. 2. legal exemption from penalties or liabilities incurred by one's actions. 3. repayment or reimbursement for loss, damage, etc.; compensation.
INDEMNITY definition: 1. protection against possible damage or loss, especially a promise of payment, or the money paid…. Learn more.
Indemnity is protection against loss or harm — it is most often used in insurance. If you suffer an injury or there's damage to your house, an indemnity makes up for the loss — if it's part of your insurance. An indemnity may also keep something or someone from being held responsible for harm.
[countable] a sum of money that is given as payment for damage or loss. Our client will seek an indemnity from the vendor for a breach of contract. The defeated nations were forced to pay an indemnity of $800 million. Word Origin. See indemnity in the Oxford Advanced American Dictionary. Check pronunciation: indemnity.
Define indemnity: a promise to pay for the cost of possible damage, loss, or injury—usage, synonyms, more.
noun. formal uk / ɪnˈdemnəti / us. indemnity noun (PROTECTION) Add to word list. protection against possible damage or punishment. indemnity noun (MONEY) money paid or promised to you if something valuable to you is lost or damaged: indemnity insurance. (Definition of indemnity from the Cambridge Learner's Dictionary © Cambridge University Press)
1. [noncount] : a promise to pay for the cost of possible damage, loss, or injury. an agreement providing indemnity against prosecution/loss. — often used before another noun. an indemnity plan/agreement. 2. [count] : a payment made to someone because of damage, loss, or injury. has paid $2 million in indemnities.
