indemnity definition

  • noun:
    • sureity against harm, loss, or damage.
    • A legal exemption from liability for damages.
    • payment for harm, loss, or injury experienced. See Synonyms at reparation.
    • an obligation or task upon an individual to incur the losses of another.
    • repayment
    • suitable of an injured party to shift the loss onto the party accountable for the loss.
    • a principle of insurance which supplies whenever a loss happens, the insured should-be restored into the estimated monetary condition occupied before the reduction took place, no much better, no even worse.
    • protection; insurance coverage; exemption from loss or harm, previous or to come; resistance from punishment, or even the punishment of past offenses; amnesty.
    • Indemnification, compensation, or remuneration for reduction, damage, or injury sustained.
    • protection offered against or exemption awarded from harm, loss, injury, or punishment.
    • Indemnification; payment for loss, damage, or damage sustained; reimbursement.
    • in-law, that which is directed at a person who has actually believed or is planning to believe a responsibility on demand or for the main benefit of another, in order to make good to him any loss or responsibility which has or can come upon him by so doing.
    • legal exemption from liability for problems
    • defense against future reduction
    • a sum of income paid in compensation for loss or damage

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  • Urban Dictionary for "indemnity"
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