Meaning of the word indemnity in English
What does indemnity mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
indemnity
US /ɪnˈdem.nə.t̬i/
UK /ɪnˈdem.nə.t̬i/
Noun
1.
security or protection against a loss or other financial burden
Example:
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The company provided indemnity against any losses incurred.
•
The insurance policy offers full indemnity for property damage.
2.
a sum of money paid as compensation, especially for loss or damage
Example:
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The court awarded him a substantial indemnity for his injuries.
•
The contract included a clause for indemnity in case of breach.
Synonym:
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