Meaning & use
indemnity
Last updated
Security or protection against financial loss or damage, or a payment made as compensation for such loss.
See it in a sentence
The insurance policy provides indemnity against fire damage to the building.
The company paid an indemnity to workers injured during the factory accident.
A note on using this word
A key term in insurance and legal contracts, often paired with "indemnify," the verb form meaning "to compensate for loss."
Words with a similar meaning
compensationreimbursement
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