Definitions for indemnityɪnˈdɛm nɪ ti

This page provides all possible meanings and translations of the word indemnity

Random House Webster's College Dictionary

in•dem•ni•tyɪnˈdɛm nɪ ti(n.)(pl.)-ties.

  1. protection or security against damage or loss.

    Category: Business

  2. compensation for damage or loss sustained.

    Category: Business

  3. legal exemption from penalties attaching to illegal actions.

    Category: Law

Origin of indemnity:

1425–75; late ME indem(p)nite < L indemnitās=indemni(s) without loss (in-in -3+-demnis, adj. der. of damnum financial loss) +-tās

Princeton's WordNet

  1. indemnity, insurance(noun)

    protection against future loss

  2. indemnity(noun)

    legal exemption from liability for damages

  3. damages, amends, indemnity, indemnification, restitution, redress(noun)

    a sum of money paid in compensation for loss or injury

Wiktionary

  1. indemnity(Noun)

    an obligation or duty upon an individual to incur the losses of another.

  2. indemnity(Noun)

    repayment

  3. indemnity(Noun)

    the right of an injured party to shift the loss onto the party responsible for the loss.

  4. indemnity(Noun)

    (insurance) a principle of insurance which provides that when a loss occurs, the insured should be restored to the approximate financial condition occupied before the loss occurred, no better, no worse.

  5. Origin: From indemnité, from indemnitas, from indemnis, from in- + damnum.

Webster Dictionary

  1. Indemnity(noun)

    security; insurance; exemption from loss or damage, past or to come; immunity from penalty, or the punishment of past offenses; amnesty

  2. Indemnity(noun)

    indemnification, compensation, or remuneration for loss, damage, or injury sustained

Freebase

  1. Indemnity

    An indemnity is a sum paid by A to B by way of compensation for a particular loss suffered by B. The indemnitor may or may not be responsible for the loss suffered by the indemnitee. Forms of indemnity include cash payments, repairs, replacement, and reinstatement.

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