Simple Definition of indemnity

from our Learner's Dictionary

indemnity

noun

plural indemnities
law
1
: a promise to pay for the cost of possible damage, loss, or injury
an agreement providing indemnity against prosecution/loss
often used before another noun
an indemnity plan/agreement
2
: a payment made to someone because of damage, loss, or injury
has paid $2 million in indemnities

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“Indemnity.” Merriam-Webster.com Simple Definition, Merriam-Webster, https://www.merriam-webster.com/simple/indemnity. Accessed 19 Jun. 2026.

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