Indemnity
//ɪnˈdɛmnɪti// noun
noun ·Moderate ·High school level
Definitions
Noun
- 1 Security from damage, loss, or penalty. countable, uncountable
"Near-synonyms: insurance, assurance"
- 2 a sum of money paid in compensation for loss or injury wordnet
- 3 An obligation or duty upon an individual to incur the losses of another. countable, uncountable
"Near-synonyms: liability, responsibility"
- 4 legal exemption from liability for damages wordnet
- 5 Repayment; compensation for loss or injury. countable, uncountable
"Near-synonyms: reparations, recompense, recompensation; see also Thesaurus:compensation"
Show 3 more definitions
- 6 protection against future loss wordnet
- 7 The right of an injured party to shift the loss onto the party responsible for the loss. countable, uncountable
- 8 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. countable, uncountable
Example
More examples"Indemnity insurance policies protect the insured person, or the insured person's own property."
Etymology
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”).
Related phrases
More for "indemnity"
Data sourced from Wiktionary, WordNet, CMU, and other open linguistic databases. Updated March 2026.