indemnity
/ɪnˈdɛmnɪti/ noun
Forms indemnities
- noun Security from damage, loss, or penalty.
- noun (law) An obligation or duty upon an individual to incur the losses of another.
- noun Repayment; compensation for loss or injury.
- noun (law) The right of an injured party to shift the loss onto the party responsible for the loss.
- noun (insurance) 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.
Synonyms
indemnification insurance assurance liability responsibility reparations recompense recompensation amends acquittal assyth bote compensation mends quittal redress relief remuneration reparation requital damages restitution
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”).
Webster’s 1913
- noun Security; insurance; exemption from loss or damage, past or to come; immunity from penalty, or the punishment of past offenses; amnesty.
- noun Indemnification, compensation, or remuneration for loss, damage, or injury sustained.
Etymology [L. indemnitas, fr. indemnis uninjured: cf. F. indemnité. See Indemnify.]
Sources: Wiktionary · WordNet 3.0 · Webster’s 1913 — from the Wiktionary entry “indemnity”, CC BY-SA 4.0. Details