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indemnity

Pronunciation: /ɪnˈdɛmnɪti/

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Definition of indemnity

noun (plural indemnities)

[mass noun]
  • security or protection against a loss or other financial burden:no indemnity will be given for loss of cash
  • security against or exemption from legal responsibility for one’s actions:a deed of indemnity [count noun]:even warranties and indemnities do not provide complete protection
  • [count noun] a sum of money paid as compensation, especially one paid by a country defeated in war as a condition of peace.

Origin:

late Middle English: from French indemnite, from late Latin indemnitas, from indemnis 'unhurt, free from loss'

indemnity in other Oxford dictionaries

Definition of indemnity in the US English dictionary

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