indemnity

noun
UK: /ɪnˈdem.nə.ti/
US: /ɪnˈdem.nə.t̬i/

  1. Protection against financial loss or damage; a payment made to compensate for loss or damage.

    1. The insurance provides indemnity if your car is stolen.
    2. The company agreed to pay full indemnity to workers injured on the job after the accident.

  2. A contractual agreement where one party agrees to protect another party against losses or liabilities.

    1. The contract included a clause of indemnity for any legal expenses.
    2. The supplier provides an indemnity to the retailer against claims for defective products, safeguarding their business.

Synonyms

compensation security insurance protection
indemnity verb

  1. To secure someone against loss or damage; to compensate for loss or damage.

    1. The policy will indemnify you against theft.
    2. The government will indemnify farmers whose crops were destroyed by the flood damage.

Frequently Asked Questions

The word "indemnity" in English means: Protection against financial loss or damage; a payment made to compensate for loss or damage., A contractual agreement where one party agrees to protect another party against losses or liabilities..

The phonetic transcription of "indemnity" is /ɪnˈdem.nə.ti/ in British English and /ɪnˈdem.nə.t̬i/ in American English. Click the 🔊 button to hear both pronunciations.

Synonyms for "indemnity": compensation, security, insurance, protection.

Example usage of "indemnity": "The insurance provides indemnity if your car is stolen.". More examples on the page.