Dictionary
indemnity
noun in·dem·ni·ty \in-ˈdem-nə-tē\
: a promise to pay for the cost of possible damage, loss, or injury
: a payment made to someone because of damage, loss, or injury
plural in·dem·ni·ties
Full Definition of INDEMNITY
1
a : security against hurt, loss, or damage b : exemption from incurred penalties or liabilities
2
a : indemnification 1 b : something that indemnifies
3
: fee-for-service —usually used attributively <an indemnity plan>
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First Known Use of INDEMNITY
15th century
Related to INDEMNITY
Other Economics Terms
Rhymes with INDEMNITY
Medical Dictionary
indemnity
adjective in·dem·ni·ty \in-ˈdem-nət-ē\
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