Dictionary

indemnity

2 ENTRIES FOUND:

indemnity

noun in·dem·ni·ty \in-ˈdem-nə-tē\

: a promise to pay for the cost of possible damage, loss, or injury

: a payment made to someone because of damage, loss, or injury

plural in·dem·ni·ties

Full Definition of INDEMNITY

1
a :  security against hurt, loss, or damage
b :  exemption from incurred penalties or liabilities
2
a :  indemnification 1
b :  something that indemnifies
3
:  fee-for-service —usually used attributively <an indemnity plan>

Examples of INDEMNITY

  1. an agreement providing indemnity against prosecution
  2. has paid $2 million in indemnities

First Known Use of INDEMNITY

15th century

Other Economics Terms

actuary, compound interest, globalization, portfolio, rentier, stagflation, usurer

Rhymes with INDEMNITY

indemnity

adjective in·dem·ni·ty \in-ˈdem-nət-ē\   (Medical Dictionary)

Medical Definition of INDEMNITY

:  fee-for-service <an indemnity plan> <indemnity insurance>

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March 05, 2015
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