indemnity
in·dem·ni·ty
noun \in-ˈdem-nə-tē\ plural in·dem·ni·ties
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
- an agreement providing indemnity against prosecution
- has paid $2 million in indemnities
First Known Use of INDEMNITY
15th century
Related to INDEMNITY
Other Economics Terms
Rhymes with INDEMNITY
in·dem·ni·ty
adjective \in-ˈdem-nət-ē\ (Medical Dictionary)Medical Definition of INDEMNITY
: fee-for-service <an indemnity plan> <indemnity insurance>
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All Words Near: indemnity
Previous Word in the Dictionary: indemnitor
All Words Near: indemnity
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