Definition of INDEMNITY

indemnity

Meanings

Plural: indemnities

Noun

  • protection against future loss
  • legal exemption from liability for damages
  • a sum of money paid in compensation for loss or injury
  • Security from damage, loss, or penalty.
  • An obligation or duty upon an individual to incur the losses of another.
  • Repayment; compensation for loss or injury.
  • The right of an injured party to shift the loss onto the party responsible for the loss.
  • 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.

Origin / 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”).

Scrabble Score: 15

indemnity is a valid Scrabble (US) TWL word
indemnity is a valid Scrabble Word in Merriam-Webster MW Dictionary
indemnity is a valid Scrabble Word in International Collins CSW Dictionary

Words With Friends Score: 17

indemnity is a valid Words With Friends word