indemnity

Meaning

1. Security from damage, loss, or penalty.
2. An obligation or duty upon an individual to incur the losses of another.
3. Repayment; compensation for loss or injury.
4. The right of an injured party to shift the loss onto the party responsible for the loss.
5. 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

reparation

indemnification

damages

amends

recompense

redress

reimbursement

restitution

repayment

insurance

remuneration

reparations

atonement

guarantee

fine

recoupment

recourse

reformation

safekeeping

safeness

sanctuary

satisfaction

shelter

supplanter

tribute

warranty

safety

renumeration

aegis

compensation for damage

allowance

assurance

auspices

benefit

compensations

contribution

equalization

expiation

fee

impunity

premium

protection

quid

quittance

rebate

Hyphenated as

in‧dem‧ni‧ty

Pronounced as (IPA)

/ɪnˈdɛmnɪti/

Etymology

Inherited from Middle English: indempnite

In summary

From late Middle English indempnite, from Middle French indemnité, from Late Latin indemnitas (“security from damage”), from Latin indemnis (“undamaged”), from in- (“not”) + damnum (“damage”).