indemnity
in·dem·ni·ty
noun \in-ˈdem-nə-tē\ plural in·dem·ni·ties
Definition of INDEMNITY
1
a : security against hurt, loss, or damage b : exemption from incurred penalties or liabilities
2
a : indemnification 1 b : something that indemnifies
3
: fee-for-service —usually used attributively <an indemnity plan>
See Examples of INDEMNITY
- an agreement providing indemnity against prosecution
- has paid $2 million in indemnities
First Known Use of INDEMNITY
15th century
Related to INDEMNITY
Synonyms: damages, indemnification, compensation, quittance, recompense, recoupment, redress, remuneration, reparation, reprisal(s), requital, restitution, satisfaction
Related Words: punitive damage, solatium; amends, atonement, expiation; refund, reimbursement, repayment; adjustment, settlement; punishment, retaliation
Other Economics Terms
Rhymes with INDEMNITY
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Previous Word in the Dictionary: indemnitor
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Previous Word in the Dictionary: indemnitor
All Words Near: indemnity
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