English

Definition of indemnity noun from the Oxford Advanced Learner's Dictionary

     

    indemnity

     noun
    noun
    BrE BrE//ɪnˈdemnəti//
     
    ; NAmE NAmE//ɪnˈdemnəti//
     
    (pl. indemnities) (formal or law)
     
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  1. 1[uncountable] indemnity (against something) protection against damage or loss, especially in the form of a promise to pay for any damage or loss that happens an indemnity clause/fund/policy indemnity insurance Our client will seek an indemnity from the vendor for a breach of contract. The defeated nations were forced to pay an indemnity of $800 million.
  2. 2[countable] a sum of money that is given as payment for damage or loss
  3. Word Origin late Middle English: from French indemnite, from late Latin indemnitas, from indemnis ‘unhurt, free from loss’.
See the Oxford Advanced American Dictionary entry: indemnity