Indemnified: meaning, definitions and examples

Etymology

• The word comes from the Latin 'indemnus', which means 'unhurt' or 'unscathed'.
• It was used in English since the 15th century, regarding legal responsibility and protection.
• The prefix 'in-' means 'not', while 'damnum' translates to 'damage', forming the concept of being 'not damaged'.

Legal Context

• Indemnification is often used in contracts to protect one party from legal liabilities caused by another.
• This concept is crucial in insurance policies, where the insurer agrees to compensate for specified losses.
• Many business transactions include indemnity clauses to manage risk between parties.

Historical Significance

• The idea of indemnification became prominent during the rise of insurance in the 17th century.
• Maritime law established principles of indemnity to protect shipowners from losses due to piracy or accidents.
• The indemnity bond is a legal guarantee developed to safeguard various transactions and agreements.

Pop Culture

• In films, characters often seek indemnity to avoid consequences from their actions, creating dramatic tension.
• Television shows featuring lawyers often depict indemnification as a key part of courtroom battles.
• Video games sometimes incorporate indemnity mechanisms, where players can shield themselves from negative consequences.

Psychological Aspect

• The assurance that one is indemnified can reduce stress and anxiety related to potential losses.
• Understanding indemnification can empower individuals in financial decisions, enhancing confidence in risk-taking.
• Fear of loss can lead to a craving for indemnity, influencing behaviors in personal and professional relationships.

Positioned at #23,525, this word is part of extensive vocabulary. It's relatively rare in general usage but may be important in specific fields or formal writing.

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