Search results
- Dictionaryindemnity/ɪnˈdɛmnɪti/
noun
- 1. security or protection against a loss or other financial burden: "no indemnity will be given for loss of cash" Similar
Powered by Oxford Dictionaries
The meaning of INDEMNITY is security against hurt, loss, or damage. How to use indemnity in a sentence.
INDEMNITY definition: 1. protection against possible damage or loss, especially a promise of payment, or the money paid…. Learn more.
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...
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.
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.