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indemnity

Pronunciation: /ɪnˈdemnəti/

Translation of indemnity in Spanish:

noun/nombre (plural -ties)

  • 1 [Finance] 1.1 uncountable/no numerable (insurance) indemnity (against sth) indemnidad (feminine)(contra algo)
    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.
    1.2 countable/numerable (compensation) indemnity (for sth) indemnización (feminine)(por algo)
    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.
  • 2 uncountable/no numerable (exemption) inmunidad (feminine)
    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.

Definition of indemnity in:

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Cultural fact of the day

In Mexican politics, a prospective party candidate for the presidency is called a tapado. Candidates traditionally emerge from within the party but their identity is not revealed until the candidate is officially declared: they remain tapados (hidden), thus arousing a great deal of speculation. Under the rule of the PRI - Partido Revolucionario Institucional, its candidate was virtually guaranteed to become president.