indemnity
Meaning
- (countable, uncountable) Security from damage, loss, or penalty.
- (countable, uncountable) An obligation or duty upon an individual to incur the losses of another.
- (countable, uncountable) Repayment; compensation for loss or injury.
- (countable, uncountable) The right of an injured party to shift the loss onto the party responsible for the loss.
- (countable, uncountable) 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
compensation for damage
Translations
Frequency
Pronounced as (IPA)
/ɪnˈdɛmnɪti/
Etymology
In summary
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”).
Notes
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