indemnity

noun
in·​dem·​ni·​ty | \ in-ˈdem-nə-tē How to pronounce indemnity (audio) \
plural indemnities

Definition of indemnity

1a : security against hurt, loss, or damage
b : exemption from incurred penalties or liabilities
b : something that indemnifies
3 : fee-for-service usually used attributivelyan indemnity plan

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Examples of indemnity in a Sentence

an agreement providing indemnity against prosecution has paid $2 million in indemnities
Recent Examples on the Web Lamont authorized another $20 million in bonding for the indemnity company in October and has pledged to release the remaining $40 million in the future. Kathleen Mcwilliams, courant.com, "State grants more money for homeowners with failing foundations to make repairs," 9 Nov. 2019 The reimbursement model is known as an indemnity plan. Ron Hurtibise, sun-sentinel.com, "Cheaper than Obamacare? Budget-priced plans can cost far more if you get sick," 8 Nov. 2019 Obstetricians are sued more often than any other physicians, and the indemnities against them can be astronomical. Los Angeles Times, "One more big push, then just say cheese!: High-end photographers enter delivery rooms," 16 Aug. 2019 Ultimately, the court allowed Tenet’s bankruptcy to go forward, with the indemnity agreement in place. Patricia Callahan, New York Times, "The Human Cost of Amazon’s Fast, Free Shipping," 5 Sep. 2019 Ultimately, the court allowed Tenet’s bankruptcy to go forward, with the indemnity agreement in place. Patricia Callahan, ProPublica, "How Amazon Hooked America on Fast Delivery While Avoiding Responsibility for Crashes," 5 Sep. 2019 But the filmmakers have fought back, asserting that the film not only has been vetted by their U.K. and U.S. counsel but is also covered by its indemnities, thus negating any risk to the distributor. Alex Ritman, The Hollywood Reporter, "Malaysian Money Scandal Movie Threatened by Lawyers for Fugitive Jho Low," 31 July 2019 Corporate indemnity The terms of the settlement seem more than favorable to Facebook, critics pointed out. Irina Ivanova, CBS News, "FTC's record $5 billion Facebook fine less than a tenth of company's revenue," 24 July 2019 Far from covering most of victims’ health care and hospitalization expenses as sales agents promised, the limited benefit hospital indemnity coverage sold by Dorfman paid a maximum of $3,200 a year, the FTC said. Ron Hurtibise, sun-sentinel.com, "Victims will get opportunity to cancel ‘scam’ health insurance plans, judge rules," 14 June 2019

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.

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First Known Use of indemnity

15th century, in the meaning defined at sense 1a

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Time Traveler for indemnity

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The first known use of indemnity was in the 15th century

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Cite this Entry

“Indemnity.” The Merriam-Webster.com Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/dictionary/indemnity. Accessed 23 January 2020.

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More Definitions for indemnity

indemnity

noun
How to pronounce indemnity (audio)

English Language Learners Definition of indemnity

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

indemnity

adjective
in·​dem·​ni·​ty | \ in-ˈdem-nət-ē How to pronounce indemnity (audio) \

Medical Definition of indemnity

: fee-for-service an indemnity plan indemnity insurance

indemnity

noun
in·​dem·​ni·​ty | \ in-ˈdem-nə-tē How to pronounce indemnity (audio) \
plural indemnities

Legal Definition of indemnity

1a : security against hurt, loss, or damage
b : exemption from incurred penalties or liabilities
b : something (as a payment) that indemnifies — compare contribution

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Comments on indemnity

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