Noun: indemnity in'dem-ni-tee
- Protection against future loss
"The homeowner's indemnity covered the damage from the storm";
- insurance
- Legal exemption from liability for damages
"The contract included an indemnity clause to protect the company from potential lawsuits"
- A sum of money paid in compensation for loss or injury
"The company paid indemnity to the affected homeowners";
- damages, amends, indemnification, restitution, redress, redressal [Asia]
Derived forms: indemnities
Type of: compensation, exemption, freedom, protection, shelter
Encyclopedia: Indemnity