Indemnity Definition
ĭn-dĕmnĭ-tē
indemnities
noun
indemnities
Protection or insurance against loss, damage, etc.
Webster's New World
Legal exemption from penalties or liabilities incurred by one's actions.
Webster's New World
Repayment or reimbursement for loss, damage, etc.; compensation.
Webster's New World
A duty, typically arising from contract, in which one promises to make good another’s financial loss or liability, resulting from a particular event or contingency.
Webster's New World Law
The act of making good another’s financial loss or liability, resulting from the occurrence of a particular event or contingency.
Webster's New World Law
Other Word Forms of Indemnity
Noun
Singular:
indemnity
Plural:
indemnitiesOrigin of Indemnity
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From Middle French indemnité, from Late Latin indemnitas (“security from damage”), from Latin indemnis (“undamaged”), from in- (“not”) + damnum (“damage”).
From Wiktionary
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Middle English indempnite from Anglo-Norman from Late Latin indemnitās from Latin indemnis uninjured indemnify
From American Heritage Dictionary of the English Language, 5th Edition
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