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indemnity

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noun in·dem·ni·ty \in-ˈdem-nə-tē\

Simple Definition of indemnity

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

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

Source: Merriam-Webster's Learner's Dictionary

Full Definition of indemnity

plural indemnities

  1. 1 a :  security against hurt, loss, or damage b :  exemption from incurred penalties or liabilities

  2. 2 a :  indemnification 1 b :  something that indemnifies

  3. 3 :  fee-for-service —usually used attributively <an indemnity plan>

Examples of indemnity in a sentence

  1. an agreement providing indemnity against prosecution

  2. has paid $2 million in indemnities



15th Century

First Known Use of indemnity

15th century

Rhymes with indemnity


Medical Dictionary

indemnity

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adjective in·dem·ni·ty \in-ˈdem-nət-ē\

Medical Definition of indemnity

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




Law Dictionary

indemnity

play
noun in·dem·ni·ty \in-ˈdem-nə-tē\

Legal Definition of indemnity

plural indemnities

  1. 1a :  security against hurt, loss, or damage b :  exemption from incurred penalties or liabilities

  2. 2a :  indemnification 1 b :  something (as a payment) that indemnifies — compare contribution





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