Indemnity

Quick meaning: Indemnity is a noun meaning Security from damage, loss, or penalty.

Meaning

Security from damage, loss, or penalty.

More Meanings

1. (law) An obligation or duty upon an individual to incur the losses of another.
2. Repayment; compensation for loss or injury.
3. (law) The right of an injured party to shift the loss onto the party responsible for the loss.
4. (insurance) A principle of insurance which provides that when a loss occurs, the insured should be restored to the approximate financial condition occupied before the loss occurred, no better, no worse.

Example Sentences

Near-synonyms: insurance, assurance

Near-synonyms: liability, responsibility

Near-synonyms: reparations, recompense, recompensation; see also Thesaurus:compensation

And all this, it will be said, the Duke of Orleans might have prevented by an effective treaty, securing an act of indemnity.

Word Forms

• indemnities

Synonyms for indemnity

Depending on context, synonyms include indemnification, insurance, assurance, liability, responsibility, reparations.

Related Words

Related dictionary entries include indemnification, damages, insurance, restitution, amends, redress.

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