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- Dictionaryindemnity/ɪnˈdɛmnɪti/
noun
- 1. security or protection against a loss or other financial burden: "no indemnity will be given for loss of cash" Similar
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protection against possible damage or loss, esp. a promise of payment, or the money paid if there is such damage or loss. (Definition of indemnity from the Cambridge Academic Content Dictionary © Cambridge University Press) indemnity | Business English. noun [ C or U ] uk / ɪnˈdemnəti / us plural indemnities. Add to word list.
The meaning of INDEMNITY is security against hurt, loss, or damage. How to use indemnity in a sentence.
indemnity in British English. (ɪnˈdɛmnɪtɪ ) noun Word forms: plural -ties. 1. compensation for loss or damage; reimbursement. 2. protection or insurance against future loss or damage. 3. legal exemption from penalties or liabilities incurred through one's acts or defaults.
INDEMNITY meaning: 1. protection against possible damage or loss, especially a promise of payment, or the money paid…. Learn more.
[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
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.
noun. , plural in·dem·ni·ties. protection or security against damage or loss. 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.
What does the noun indemnity mean? There are seven meanings listed in OED's entry for the noun indemnity, one of which is labelled obsolete. See ‘Meaning & use’ for definitions, usage, and quotation evidence. indemnity has developed meanings and uses in subjects including. law (late 1600s) economics and commerce (late 1700s) Entry status.
INDEMNITY meaning: 1. protection against possible damage or punishment 2. money paid or promised to you if something…. Learn more.
n. pl. in·dem·ni·ties. 1. Security against damage, loss, or injury. 2. An exemption from liability for damages resulting from specified conduct, as in a contract indemnifying a party for the performance of certain actions. 3. Compensation for damage, loss, or injury suffered.
