indemnity

 
Pronunciation: /ɪnˈdɛmnɪti/

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'