Definition of indemnity in English:

indemnity

Line breaks: in|dem|nity
Pronunciation: /ɪnˈdɛmnɪti
 
/

noun (plural indemnities)

[mass noun]
1Security or protection against a loss or other financial burden: no indemnity will be given for loss of cash
More example sentences
  • Protection and indemnity insurance protects against third parties and environmental damage.
  • That is, no claim other than the claims for indemnity under the insurance policies: in contemplation at the time of entering into the deed.
  • As the accounts stated, the loss was due to claims under a policy written for the solicitors' indemnity fund and for bad debts on reinsurance recoveries.
Synonyms
insurance, assurance, protection, security, indemnification, surety, endorsement, guarantee, warranty, safeguard
1.1Security against or exemption from legal responsibility for one’s actions: a deed of indemnity [count noun]: even warranties and indemnities do not provide complete protection
More example sentences
  • The difference, however, is that the risk has not been excluded from the policy and therefore, we have always been providing an indemnity in respect of legal liability for such claims.
  • The copyright owner provides no warranties or indemnities to the licencee, other than any that may be imposed by law.
  • Even without the terms of a trust deed, an indemnity would arise, naturally, from the Trustee's office, Octavo Investments v Knight, for example.
Synonyms
immunity, exemption, exception, dispensation, exclusion, freedom, release, relief, absolution, exoneration;
special treatment, privilege, favouritism;
informal a let-off
1.2 [count noun] A sum of money paid as compensation, especially one paid by a country defeated in war as a condition of peace.
More example sentences
  • This community was supposed to be regulated by balance, and that at least the major powers had a right to expect compensation and indemnities to maintain it.
  • The money, he said, was an indemnity from the Argentine government for jailing him during the last military regime.
  • In addition to military restrictions, peace settlements imposed on those states defeated in war have normally entailed measures of economic recompense, in the form of indemnities and reparations.
Synonyms
reimbursement, compensation, recompense, repayment, restitution, payment, remuneration, requital, redress, reparation(s), damages
North American informal comp
archaic guerdon, meed
rare solatium

Origin

late Middle English: from French indemnite, from late Latin indemnitas, from indemnis 'unhurt, free from loss'.

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