indemnity

noun

in·dem·ni·ty | \in-ˈdem-nə-tē

plural indemnities

Definition of indemnity

1a : security against hurt, loss, or damage

b : exemption from incurred penalties or liabilities

2a : indemnification sense 1

b : something that indemnifies

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

Synonyms Example Sentences Learn More about indemnity

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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

In 2014, the Obama administration moved to require that indemnity plans generally be sold to consumers only as a supplement to traditional health insurance. — Anna Wilde Mathews, WSJ, "Bare-Bones Health Policies Are Cheaper Than ACA Plans—and Riskier Too," 18 Apr. 2018 Partnership may wish to address liabilities arising from this change by contractually providing for indemnity and reimbursement obligations from current and former partners. — Driscoll Ugarte, miamiherald, "Radical revamp of partnership audit rules will have a broad effect | Miami Herald," 27 Apr. 2018 Shortly after independence, France forced Haiti to accept a crippling indemnity at the threat of a blockade or outright invasion. — Dana Snitzky, Longreads, "Is This the Most Crowded Island in the World? (And Why That Question Matters)," 20 Feb. 2018 City Attorney Bill Ferebee said other contractual language, such as the indemnity clause, would be updated to limit the city's liability. — Michelle Iracheta, Houston Chronicle, "Shenandoah residents may get high-speed internet soon," 18 Jan. 2018 The Sanchi has full protection and indemnity insurance through the Steamship Mutual P&I club, according to its executive chairman Gary Rynsard. — Bloomberg.com, "Crew Aboard Blazing Iranian Oil Tanker May Be Alive, Owner Says," 10 Jan. 2018 But the fact that car companies were worried enough about that to ask for legal indemnity tells us all that self-driving cars are not ready for prime time and, based on that one fear, may never be as foolproof as hyped. — Ed Wallace, star-telegram, "The Coming Automotive War," 16 Dec. 2017 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 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

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.