The meaning of INDEMNITY is security against hurt, loss, or damage. How to use indemnity in a sentence.

Sep 18, 2025 · Indemnity is a contractual agreement, commonly found in insurance policies, in which one party agrees to compensate the other for potential losses or damages in exchange for premium …

In contract law, an indemnity is a contractual obligation of one party (the indemnitor) to compensate the loss incurred by another party (the indemnitee) due to the relevant acts of the indemnitor or any other …

INDEMNITY definition: 1. protection against possible damage or loss, especially a promise of payment, or the money paid…. Learn more.

Definition of indemnity noun from the Oxford Advanced Learner's Dictionary. [uncountable] indemnity (against something) protection against damage or loss, especially in the form of a promise to pay for …

Security against damage, loss, or injury. 2. An exemption from liability for damages resulting from specified conduct, as in a contract indemnifying a party for the performance of certain actions. 3. …

An indemnity is an amount of money paid to someone because of some damage or loss they have suffered.

INDEMNITY definition: protection or security against damage or loss. See examples of indemnity used in a sentence.

Indemnity is protection against loss or harm — it is most often used in insurance. If you suffer an injury or there's damage to your house, an indemnity makes up for the loss — if it's part of your insurance.

The contract provides an indemnity that protects him from any legal penalties should things go wrong. After the accident, she received an indemnity worth the damage cost from her insurance company.