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Definition of Indemnity
1. Noun. Protection against future loss.
2. Noun. Legal exemption from liability for damages.
3. Noun. A sum of money paid in compensation for loss or injury.
Generic synonyms: Compensation
Specialized synonyms: Relief, Actual Damages, Compensatory Damages, General Damages, Nominal Damages, Exemplary Damages, Punitive Damages, Smart Money, Atonement, Expiation, Satisfaction
Derivative terms: Indemnify, Indemnify, Redress
Definition of Indemnity
1. n. Security; insurance; exemption from loss or damage, past or to come; immunity from penalty, or the punishment of past offenses; amnesty.
Definition of Indemnity
1. Noun. (legal) an obligation or duty upon an individual to incur the losses of another. ¹
2. Noun. repayment ¹
3. Noun. (legal) the right of an injured party to shift the loss onto the party responsible for the loss. ¹
4. 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. ¹
¹ Source: wiktionary.com
Definition of Indemnity
1. [n -TIES]
Lexicographical Neighbors of Indemnity
Literary usage of Indemnity
Below you will find example usage of this term as found in modern and/or classical literature:
1. Handbook of the Law of Insurance by William Reynolds Vance (1904)
"A CONTRACT ESSENTIALLY OF indemnity. 28. The basis of the contract of ...
indemnity is its sole legitimate purpose, and any contract of insurance that ..."
2. United States Supreme Court Reports by Lawyers Co-operative Publishing Company, United States Supreme Court (1910)
"The said directors conformed in all things, etc., and became entitled to the
whole indemnity, provided, etc., amounting to 1550,- 000. ..."
3. Insurance, Principles and Practices by Robert Riegel, Henry James Loman (1922)
"LIX—Continued The Insured shall pay the appraiser selected by him and the indemnity
Exchange shall pay the appraiser selected by its Attorney'in-Fact, ..."
4. Bismarck, the Man and the Statesman: Being the Reflections and Reminiscences by Otto Bismarck, Arthur John Butler (1899)
"To this was added a view of political affairs which made his Majesty regard a
request for a bill of indemnity as an admission of a wrong committed. ..."
5. The History of England from the Accession of James II. by Thomas Babington Macaulay Macaulay, Samuel Austin Allibone (1875)
"Emboldened by this great victory, the Tories made an attempt to push forward the
indemnity Bill which had lain many weeks neglected on the table. ..."
6. The History of England from the Accession of James the Second by Thomas Babington Macaulay (1871)
"Emboldened by this great victory, the Tories made Debates on the an attempt to
push forward the indemnity indemnity sin. j^} which had lain many weeks ..."
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