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The meaning of INDEMNITY is security against hurt, loss, or damage. How to use indemnity in a sentence.
Indemnity is protection or security against damage or loss, or compensation for damages or money spent. Insurance coverage provides indemnity to a person (or organization) by insuring them for certain potential situations, such as damages to their property from natural disasters or accidents.
INDEMNITY meaning: 1. protection against possible damage or loss, especially a promise of payment, or the money paid…. Learn more.
Indemnity is a comprehensive form of insurance compensation for damage or loss. In an indemnity arrangement, one party agrees to pay for potential losses or damage caused by...
indemnity. noun. /ɪnˈdemnəti/. /ɪnˈdemnəti/. (plural indemnities) (formal or law) [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. an indemnity clause/fund/policy. indemnity insurance.
An indemnity is an amount of money paid to someone because of some damage or loss they have suffered.
INDEMNITY meaning: 1. protection against possible damage or punishment 2. money paid or promised to you if something…. Learn more.
Indemnity is protection against loss or harm — it is most often used in insurance. If you suffer an injury or there's damage to your house, an indemnity makes up for the loss — if it's part of your insurance. An indemnity may also keep something or someone from being held responsible for harm.
1. Security against damage, loss, or injury. 2. An exemption from liability for damages resulting from specified conduct, as in a contract indemnifying a party for the performance of certain actions. 3. Compensation for damage, loss, or injury suffered.
Repayment or reimbursement for loss, damage, etc.; compensation. 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.