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  2. Dictionary

    in·dem·ni·ty
    [inˈdemnədē]
    noun
    indemnity (noun) · indemnities (plural noun)
    1. security or protection against a loss or other financial burden:
      "no indemnity will be given for loss of cash"
    Origin
    late Middle English: from French indemnite, from late Latin indemnitas, from indemnis ‘unhurt, free from loss’.
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    What does indemnity mean in a boat insurance policy?Indemnity is compensation for damage or loss. In case of loss of the vessel, the ship owner receives no indemnity for loss, but acquires immunity from payment of the loan. The policy may pay certain or all expenses for medical and similar services and a weekly or monthly indemnity for loss of income. Indemnity is compensation for damage or loss.
    What does indemnity mean?Get a quick, free translation! INDEMNITY definition: 1. protection against possible damage or loss, especially a promise of payment, or the money paid…. Learn more.
    What is uncountable indemnity?[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 Join our community to access the latest language learning and assessment tips from Oxford University Press! [countable] a sum of money that is given as payment for damage or loss
    What is an indemnity contract?An indemnity contract arises when one individual takes on the obligation to pay for any loss or damage that has been or might be incurred by another individual. The right to indemnity and the duty to indemnify ordinarily stem from a contractual agreement, which generally protects against liability, loss, or damage. Damages.
     
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