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indemnity

[in-dem-ni-tee] /ɪnˈdɛm nɪ ti/
noun, plural indemnities.
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
late Middle English
1425-1475
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
anti-indemnity, adjective
preindemnity, noun, plural preindemnities.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for indemnity
  • The real power comes from market punishment, mostly through lenders and landlords demanding more indemnity, more cleanup.
British Dictionary definitions for indemnity

indemnity

/ɪnˈdɛmnɪtɪ/
noun (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
Word Origin
C15: from Late Latin indemnitās, from indemnis uninjured, from Latin in-1 + damnum damage
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word Origin and History for indemnity
n.

mid-15c., from Middle French indemnité (14c.), from Late Latin indemnitatem (nominative indemnitas) "security for damage," from Latin indemnis "unhurt, undamaged," from in- "not, opposite of, without" (see in- (1)) + damnum "damage" (see damn).

Online Etymology Dictionary, © 2010 Douglas Harper
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