Definition of indemnity in English:

indemnity

noun

  • 1Security or protection against a loss or other financial burden.

    ‘no indemnity will be given for loss of cash’
    • ‘As the accounts stated, the loss was due to claims under a policy written for the solicitors' indemnity fund and for bad debts on reinsurance recoveries.’
    • ‘There is no certainty that the IHS will be awarded all the costs it incurs and it is adamant that it cannot take part in the tribunal if guarantees of indemnity are not given.’
    • ‘A policy of reinsurance is an agreement by way of complete or partial indemnity to the insurer.’
    • ‘That is, no claim other than the claims for indemnity under the insurance policies: in contemplation at the time of entering into the deed.’
    • ‘Protection and indemnity insurance protects against third parties and environmental damage.’
    insurance, assurance, protection, security, indemnification, surety, endorsement, guarantee, warranty, safeguard
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    1. 1.1 Security against or exemption from legal responsibility for one's actions.
      ‘a deed of indemnity’
      ‘even warranties and indemnities do not provide complete protection’
      • ‘The copyright owner provides no warranties or indemnities to the licencee, other than any that may be imposed by law.’
      • ‘‘Purchaser Warranties’ means the warranties, representations and indemnities made by, and the covenants and agreements of, the Purchaser in this Deed.’
      • ‘The difference, however, is that the risk has not been excluded from the policy and therefore, we have always been providing an indemnity in respect of legal liability for such claims.’
      • ‘Typically directors will request indemnities from the company when they become involved in a claim or if they are successful in defending a claim made against them.’
      • ‘Even without the terms of a trust deed, an indemnity would arise, naturally, from the Trustee's office, Octavo Investments v Knight, for example.’
      immunity, exemption, exception, dispensation, exclusion, freedom, release, relief, absolution, exoneration
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    2. 1.2 A sum of money paid as compensation, especially a sum exacted by a victor in war as one condition of peace.
      • ‘Contractor's Pollution Liability as its name implies-provides indemnities for damages caused by the activities of a contractor.’
      • ‘The money, he said, was an indemnity from the Argentine government for jailing him during the last military regime.’
      • ‘In addition to military restrictions, peace settlements imposed on those states defeated in war have normally entailed measures of economic recompense, in the form of indemnities and reparations.’
      • ‘The Chinese government ceded Hong Kong to Great Britain and paid an indemnity for lost and damaged property.’
      • ‘This community was supposed to be regulated by balance, and that at least the major powers had a right to expect compensation and indemnities to maintain it.’
      reimbursement, compensation, recompense, repayment, restitution, payment, remuneration, requital, redress, damages
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Origin

Late Middle English: from French indemnite, from late Latin indemnitas, from indemnis unhurt, free from loss.

Pronunciation:

indemnity

/inˈdemnədē/