What does indemnity mean?

n. A promise to pay money if something bad happens, like damage or loss.; Money paid to someone because they suffered a loss or damage.

indemnity

🇺🇸 /ɪnˈdemnəti/ 🇬🇧 /ɪnˈdemnəti/

Frequency

Difficulty

Tags RARE

noun

A promise to pay money if something bad happens, like damage or loss.

The company offered indemnity to cover any losses during the move.

Money paid to someone because they suffered a loss or damage.

The indemnity was paid to the family after their house was destroyed in the fire.

A promise to pay money if something bad happens, like damage or loss.; Money paid to someone because they suffered a loss or damage.

Plural indemnities