What does indemnity mean?
Definitions for indemnity
ɪnˈdɛm nɪ tiin·dem·ni·ty
This dictionary definitions page includes all the possible meanings, example usage and translations of the word indemnity.
Princeton's WordNet
indemnity, insurancenoun
protection against future loss
indemnitynoun
legal exemption from liability for damages
damages, amends, indemnity, indemnification, restitution, redressnoun
a sum of money paid in compensation for loss or injury
Wiktionary
indemnitynoun
an obligation or duty upon an individual to incur the losses of another.
indemnitynoun
repayment
indemnitynoun
the right of an injured party to shift the loss onto the party responsible for the loss.
indemnitynoun
(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.
Etymology: From indemnité, from indemnitas, from indemnis, from in- + damnum.
Samuel Johnson's Dictionary
Indemnitynoun
Security from punishment; exemption from punishment.
Etymology: indemnite, French.
I will use all means, in the ways of amnesty and indemnity, which may most fully remove all fears, and bury all jealousies in forgetfulness. Charles I .
Wikipedia
Indemnity
In contract law, an indemnity is a contractual obligation of one party (the indemnitor) to compensate the loss incurred by another party (the indemnitee) due to the relevant acts of the indemnitor or any other party. The duty to indemnify is usually, but not always, coextensive with the contractual duty to "hold harmless" or "save harmless". In contrast, a "guarantee" is an obligation of one party (the guarantor) to another party to perform the promise of a relevant other party if that other party defaults. Indemnities form the basis of many insurance contracts; for example, a car owner may purchase different kinds of insurance as an indemnity for various kinds of loss arising from operation of the car, such as damage to the car itself, or medical expenses following an accident. In an agency context, a principal may be obligated to indemnify their agent for liabilities incurred while carrying out responsibilities under the relationship. While the events giving rise to an indemnity may be specified by contract, the actions that must be taken to compensate the injured party are largely unpredictable, and the maximum compensation is often expressly limited.
ChatGPT
indemnity
Indemnity is a legal principle or contract where one party agrees to compensate or protect another party for any loss, damage, or liability they may suffer in certain specified circumstances. It is often used in insurance policies, where the insurance company agrees to cover the policyholder's losses.
Webster Dictionary
Indemnitynoun
security; insurance; exemption from loss or damage, past or to come; immunity from penalty, or the punishment of past offenses; amnesty
Indemnitynoun
indemnification, compensation, or remuneration for loss, damage, or injury sustained
Etymology: [L. indemnitas, fr. indemnis uninjured: cf. F. indemnit. See Indemnify.]
Wikidata
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.
Dictionary of Nautical Terms
indemnity
Amnesty; security against punishment.
Military Dictionary and Gazetteer
indemnity
Indemnification, compensation, or remuneration for loss, damage, or injury sustained.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of indemnity in Chaldean Numerology is: 3
Pythagorean Numerology
The numerical value of indemnity in Pythagorean Numerology is: 5
Examples of indemnity in a Sentence
To renounce liberty is to renounce being a man, to surrender the rights of humanity and even its duties. For he who renounces everything no indemnity is possible. Such a renunciation is incompatible with man's nature to remove all liberty from his will is to remove all morality from his acts.
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References
Translations for indemnity
From our Multilingual Translation Dictionary
- تعويArabic
- indemnidadSpanish
- غرامتPersian
- maksunpalautus, korvausvelvollisuus, korvaus, [[oikeus]] [[vahingonkorvaus, hyvitys, vahingonkorvausFinnish
- cúiteamh, slánúIrish
- שִׁפּוּיHebrew
- 보장Korean
- odszkodowaniePolish
- despăgubireRomanian
- [[гарантия]] [[от]] [[убыток, [[гарантия]] [[от]] [[потеря, выплата, контрибуция, компенсация, индемнитет, возмещение, освобождениеRussian
- odškodnéSlovak
- 賠款Chinese
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"indemnity." Definitions.net. STANDS4 LLC, 2024. Web. 29 Mar. 2024. <https://www.definitions.net/definition/indemnity>.
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