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indemnity

 [in-dem-ni-tee]   Origin

in·dem·ni·ty

   [in-dem-ni-tee]
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.
Origin:
1425–75; late Middle English indem(p)nite < Latin indemnitās, equivalent to indemni(s) without loss (in- in-3 + -demn-, combining form of damn- (stem of damnum loss; see damn) + -is adj. suffix) + -tās -ty2

Related forms
an·ti-in·dem·ni·ty, adjective
pre·in·dem·ni·ty, noun, plural -ties.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Indemnity is always a great word to know.
So is quincunx. Does it mean:
a printed punctuation mark (‽), available only in some typefaces, designed to combine the question mark (?) and the exclamation point (!), indicating a mixture of query and interjection, as after a rhetorical question.
an arrangement of five objects, as trees, in a square or rectangle, one at each corner and one in the middle.
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Collins
World English Dictionary
indemnity (ɪnˈdɛmnɪtɪ)
 
—n , pl -ties
1.  compensation for loss or damage; reimbursement
2.  protection or insurance against future loss or damage
3.  legal exemption from penalties or liabilities incurred through one's acts or defaults
4.  (in Canada) the salary paid to a member of Parliament or of a legislature
5.  act of indemnity an act of Parliament granting exemption to public officers from technical penalties that they may have been compelled to incur
 
[C15: from Late Latin indemnitās, from indemnis uninjured, from Latin in-1 + damnum damage]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Etymonline
Word Origin & History

indemnity
mid-15c., from M.Fr. indemnité (1367), from L.L. indemnitatem (nom. indemnitas) "security for damage," from L. indemnis "unhurt, undamaged," from in- "not" + damnum "damage."
Online Etymology Dictionary, © 2010 Douglas Harper
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