Main Entry:

in·dem·ni·ty

Pronunciation:

\in-ˈdem-nə-tē\

Function:

noun

Inflected Form(s):

plural in·dem·ni·ties

Date:

15th century

1 a: security against hurt, loss, or damage b: exemption from incurred penalties or liabilities2 a: indemnification 1 b: something that indemnifies3: fee-for-service —usually used attributively <an indemnity plan>