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indemnity - 7 dictionary results
in⋅dem⋅ni⋅ty
[in-dem-ni-tee] 
nɪ
–noun, plural -ties.
| 1. | protection or security against damage or loss. |
| 2. | compensation for damage or loss sustained. |
| 3. | something paid by way of such compensation. |
| 4. | protection, as by insurance, from liabilities or penalties incurred by one's actions. |
| 5. | legal exemption from penalties attaching to unconstitutional or illegal actions, granted to public officers and other persons. |
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Based on the Random House Dictionary, © Random House, Inc. 2009.
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Link To indemnity
| in·dem·ni·ty (ĭn-děm'nĭ-tē) n. pl. in·dem·ni·ties
[Middle English indempnite, from Anglo-Norman, from Late Latin indemnitās, from Latin indemnis, uninjured; see indemnify.] |
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Indemnity
In*dem"ni*ty\, n.; pl. Indemnities. [L. indemnitas, fr. indemnis uninjured: cf. F. indemnit['e]. See Indemnify.]1. Security; insurance; exemption from loss or damage, past or to come; immunity from penalty, or the punishment of past offenses; amnesty. Having first obtained a promise of indemnity for the riot they had committed. --Sir W. Scott. 2. Indemnification, compensation, or remuneration for loss, damage, or injury sustained. They were told to expect, upon the fall of Walpole, a large and lucrative indemnity for their pretended wrongs. --Ld. Mahon. Note: Insurance is a contract of indemnity. --Arnould. The owner of private property taken for public use is entitled to compensation or indemnity. --Kent. Act of indemnity (Law), an act or law passed in order to relieve persons, especially in an official station, from some penalty to which they are liable in consequence of acting illegally, or, in case of ministers, in consequence of exceeding the limits of their strict constitutional powers. These acts also sometimes provide compensation for losses or damage, either incurred in the service of the government, or resulting from some public measure.
Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc.
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indemnity
1444, from M.Fr. indemnité (1367), from L.L. indemnitatem (nom. indemnitas) "security for damage," from L. indemnis "unhurt, undamaged," from in- "not" + damnum "damage." Indemnify "compensate for loss or expense" first recorded 1693.
Online Etymology Dictionary, © 2001 Douglas Harper
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Indemnity
A contractual agreement made between different parties to compensate for any damages or losses.
Investopedia Commentary
Most commonly used in the wording of insurance policies, the company will indemnify the policy holder for any losses that are insured for.
See also: Hazard Insurance, Life Insurance, Portfolio Insurance
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Main Entry: in·dem·ni·ty
Pronunciation: in-'dem-n&-tE
Function: noun
Inflected Form: plural -ties
1 a : security against hurt, loss, or damage b : exemption from incurred penalties or liabilities
2 a : INDEMNIFICATION 1 b : something (as a payment) that indemnifies —compare CONTRIBUTION
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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Main Entry: in·dem·ni·ty
Pronunciation: in-'dem-n&t-E
Function: adjective
:
Merriam-Webster's Medical Dictionary, © 2002 Merriam-Webster, Inc.
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