Indemnity: meaning, definitions and examples
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indemnity
[ ɪnˈdɛmnɪti ]
legal protection
Indemnity is a legal protection against possible damages or losses. It is a promise made by one party to compensate another party for specific financial losses or liabilities. Indemnity agreements are commonly used in business contracts to protect against potential lawsuits or claims.
Synonyms
compensation, protection, reimbursement
Examples of usage
- The insurance policy provides indemnity in case of property damage.
- The company offered an indemnity clause in the contract to protect themselves from any legal action.
financial compensation
Indemnity can also refer to financial compensation given to someone as a result of a loss or injury. It is a form of reimbursement for the damages suffered. In the insurance industry, indemnity is the payment made by the insurer to the insured for covered losses.
Synonyms
compensation, reimbursement, remuneration
Examples of usage
- The court ordered the defendant to pay indemnity to the plaintiff for the damages caused.
- Workers are entitled to indemnity for any work-related injuries.
Translations
Translations of the word "indemnity" in other languages:
🇵🇹 indenização
🇮🇳 क्षतिपूर्ति
🇩🇪 Entschädigung
🇮🇩 ganti rugi
🇺🇦 відшкодування
🇵🇱 odszkodowanie
🇯🇵 補償
🇫🇷 indemnité
🇪🇸 indemnización
🇹🇷 tazminat
🇰🇷 보상
🇸🇦 تعويض
🇨🇿 odškodnění
🇸🇰 odškodnenie
🇨🇳 赔偿
🇸🇮 odškodnina
🇮🇸 bætur
🇰🇿 өтемақы
🇬🇪 ანაზღაურება
🇦🇿 təzminat
🇲🇽 indemnización
Word origin
The word 'indemnity' comes from the Latin word 'indemnitas', which means security, protection, or immunity. It has been used in legal contexts for centuries to refer to protection against financial losses or liabilities. The concept of indemnity has evolved over time to encompass various forms of compensation and reimbursement in different fields such as insurance, contracts, and law.