indemnity
noun/ɪnˈdemnəti/
/ɪnˈdemnəti/
(plural indemnities)
(formal or law)- [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
- [countable] a sum of money that is given as payment for damage or loss
- 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.
Word Originlate Middle English: from French indemnite, from late Latin indemnitas, from indemnis ‘unhurt, free from loss’.
Check pronunciation:
indemnity