in·dem·ni·ty
in·dem·ni·ty/inˈdemnədē/
noun
security or protection against a loss or other financial burden.
"no indemnity will be given for loss of cash"
synonyms: insurance, protection, security, indemnification, surety, endorsement, guarantee, warranty, safeguard, assurance
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Indemnity
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In contract law, an indemnity is a contractual obligation of one party to compensate the loss incurred by another party due to the relevant acts of the indemnitor or any other party. The duty to indemnify is usually, but not always, coextensive... Wikipedia
In contract law, an indemnity is a contractual obligation of one party (the indemnitor) to compensate the loss incurred by another party (the indemnitee) ...
Indemnity is a comprehensive form of insurance compensation for damage or loss. It amounts to a contractual agreement between two parties in which one party ...
In the indemnity clause, one party commits to compensate another party for any prospective loss or damage. More common is in insurance contracts, in exchange ...
5 days ago · The meaning of INDEMNITY is security against hurt, loss, or damage. How to use indemnity in a sentence.
To indemnify, also known as indemnity or indemnification, means compensating a person for damages or losses they have incurred or will incur related to a ...
The plan will pay for charges for medical tests and prescriptions as well as from doctors and hospitals. It may not pay for some preventive care, like checkups.
Indemnity is used to protect an individual or entity from potential losses and damages that may result from negligence, legal claims, or other unavoidable.