English Explanatory Dictionary

indemnity

English dictionary entry

Meanings

noun
  1. Security from damage, loss, or penalty.
  2. An obligation or duty upon an individual to incur the losses of another.
  3. Repayment; compensation for loss or injury.
  4. The right of an injured party to shift the loss onto the party responsible for the loss.
  5. A principle of insurance which provides that when a loss occurs, the insured should be restored to the approximate financial condition occupied before the loss occurred, no better, no worse.

Pronunciation

/ɪnˈdɛmnɪti/ en-us-indemnity.ogg

Word forms

indemnity indemnities

Etymology

From late Middle English indempnite, from Middle French indemnité, from Late Latin indemnitās (“security from damage”), from Latin indemnis (“undamaged”), from in- (“not”) + damnum (“damage”).

Synonyms

indemnification insurance assurance liability responsibility reparations recompense recompensation amends acquittal assyth bote compensation indemnity mends quittal redress relief remuneration reparation requital requite restitution satisfaction

Related words

indemn indemnify assurance insurance damage damages immunity

Derived words

double indemnity indemnitee indemnity costs letter of indemnity
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