indemnity

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noun in·dem·ni·ty \ in-ˈdem-nə-tē \

Definition of indemnity

plural indemnities

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

See indemnity defined for English-language learners

See indemnity defined for kids

Examples of indemnity in a Sentence

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

Recent Examples of indemnity from the Web

The documents include emails and texts between Neace and project manager John Hampton in July 2016 that mention an indemnity agreement with the city to protect the developer if anyone sues.

— kirsten clark, The Courier-Journal, "City and developer had secret talks to raze low-income neighborhood, court records show," 30 Aug. 2017
AXA said that the French protection of Uber workers would cover medical expenses, disability indemnities, and survivor benefits in case of an accident.

— reuters, Fortune, "Uber Has a New Insurance Plan in France," 25 July 2017
Episode 3 (Chapter 55) Double Indemnity, a tale of romantic collusion and transportation-related murder, is obviously a fitting film for Claire and Frank to watch each election day.

— spencer kornhaber, The Atlantic, "House of Cards Season 5, Episode 3: The Live-Binge Review," 30 May 2017
Episode 3 (Chapter 55) Double Indemnity, a tale of romantic collusion and transportation-related murder, is obviously a fitting film for Claire and Frank to watch each election day.

— spencer kornhaber, The Atlantic, "House of Cards Season 5, Episode 3: The Live-Binge Review," 30 May 2017
Citing the liability ruling, Mr. Trump’s lawyers contended in legal filings on May 5 that Mr. Heimbach’s indemnity claim should be dismissed on the same grounds.

— david zucchino, New York Times, "A Trump Campaign Rally Led to Shoving, and Legal Wrangling, Too," 27 May 2017
The plaintiffs in the case, who sell fixed indemnity insurance, said the federal rule would essentially destroy the market for such products.

— robert pear, New York Times, "Court Strikes Down Obama Health Care Rule on Insurance Standards," 5 July 2016
Protection and indemnity insurance is required by international law for all vessels over 1,000 gross tons in size.

— National Geographic, "Insurance Companies Unwittingly Aid Marine Poaching," 11 June 2016

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'indemnity.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of indemnity

15th century

indemnity Synonyms

Synonyms

damages, indemnification, compensation, quittance, recompense, recoupment, redress, remuneration, reparation, reprisal (s), requital, restitution, satisfaction

Related Words

punitive damage, solatium; amends, atonement, expiation; refund, reimbursement, repayment; adjustment, settlement; punishment, retaliation

Other Economics Terms

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

INDEMNITY Defined for English Language Learners

indemnity

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noun

Definition of indemnity for English Language Learners

: a promise to pay for the cost of possible damage, loss, or injury
: a payment made to someone because of damage, loss, or injury

Medical Dictionary

indemnity

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

medical Definition of indemnity

: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 a :security against hurt, loss, or damage

b :exemption from incurred penalties or liabilities

2 a :indemnification 1

b :something (as a payment) that indemnifies — compare contribution

Learn More about indemnity

See words that rhyme with indemnity Thesaurus: All synonyms and antonyms for indemnity Spanish Central: Translation of indemnity Nglish: Translation of indemnity for Spanish speakers Britannica English: Translation of indemnity for Arabic speakers Britannica.com: Encyclopedia article about indemnity

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Examples of indemnity in a Sentence

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First Known Use of indemnity

indemnity Synonyms

Synonyms

Related Words

Other Economics Terms

INDEMNITY Defined for English Language Learners

indemnity

Definition of indemnity for English Language Learners

Medical Dictionary

indemnity

medical Definition of indemnity

Law Dictionary

indemnity

legal Definition of indemnity

Learn More about indemnity

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