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1. Dictionary

   indemnity

   /ɪnˈdɛmnɪti/

   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 treatmentprivilegefavouritismimpunityinformal:a let-offrare:derogation
   • ▪ a sum of money paid as compensation, especially one paid by a country defeated in war as a 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.merriam-webster.com › dictionary › indemnityIndemnity Definition & Meaning - Merriam-Webster

   www.merriam-webster.com › dictionary › indemnity

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

3. www.investopedia.com › terms › iIndemnity: What It Means in Insurance and the Law - Investopedia

   www.investopedia.com › terms › i

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   Feb 25, 2024 · Indemnity is a comprehensive form of insurance compensation for damage or loss. In an indemnity arrangement, one party agrees to pay for potential losses or damage caused by another party.

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

   www.dictionary.com › browse › indemnity

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   Indemnity is protection or security against damage or loss, or compensation for damages or money spent. Insurance coverage provides indemnity to a person (or organization) by insuring them for certain potential situations, such as damages to their property from natural disasters or accidents.

5. dictionary.cambridge.org › us › dictionaryINDEMNITY | definition in the Cambridge English Dictionary

   dictionary.cambridge.org › us › dictionary

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   INDEMNITY meaning: 1. protection against possible damage or loss, especially a promise of payment, or the money paid…. Learn more.

6. dictionary.cambridge.org › dictionary › englishINDEMNITY | English meaning - Cambridge Dictionary

   dictionary.cambridge.org › dictionary › english

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   INDEMNITY definition: 1. protection against possible damage or loss, especially a promise of payment, or the money paid…. Learn more.

7. www.investopedia.com › terms › iWhat Is Indemnity Insurance? How It Works and Examples - ...

   www.investopedia.com › terms › i

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   Feb 26, 2024 · The term indemnity insurance refers to an insurance policy that compensates an insured party for certain unexpected damages or losses up to a certain limit—usually the amount of the loss...

8. 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.

9. en.wikipedia.org › wiki › IndemnityIndemnity - Wikipedia

   en.wikipedia.org › wiki › Indemnity

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   In contract law, an indemnity is a contractual obligation of one party (the indemnitor) to compensate the loss incurred by another party (the indemnitee) due to the relevant acts of the indemnitor or any other party. The duty to indemnify is usually, but not always, coextensive with the contractual duty to "hold harmless" or "save harmless".

10. www.legalzoom.com › articles › what-is-indemnity-and-why-is-it-importantWhat is indemnity and why is it important? | LegalZoom

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

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    Jul 15, 2024 · What is indemnity and why is it important? 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.

11. www.insuranceopedia.com › definition › 93What is Indemnity? - Definition from Insuranceopedia

    www.insuranceopedia.com › definition › 93

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    Jun 9, 2023 · Indemnity is compensation or payment for losses or damages as part of a contractual agreement or insurance policy between two parties—the insurer and the insured—in return for premium payments.