indemnity Meaning in Cambridge Business English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of "indemnity" - Business English Dictionary

See all translations

indemnity

noun [C or U]
 
 
/ɪnˈdemnəti/ ( plural indemnities)
INSURANCE protection against possible damage or loss, or the money paid if there is damage or loss: indemnity for/against sth The policy provides an indemnity for loss of or damage to third-party property.provide/offer (an) indemnity This insurance provides indemnity against legal costs and damages. Creditors must give an indemnity to cover the costs of a potential claim. professional indemnity insurance
LAW protection against having legal responsibility for something: indemnity against sth The doctors were given an indemnity against prosecution for performing abortions.
GOVERNMENT a sum of money that is paid to someone for a loss, especially by one country to another country
→  See also double indemnity , letter of indemnity
(Definition of indemnity from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of indemnity?
Add Cambridge dictionaries to your browser to your website

Definitions of “indemnity” in other dictionaries

Word of the Day
poke

to greet someone on a social networking website by leaving them a special short message

Word of the Day

The cake was made by my sister: how to use the passive in English.
The cake was made by my sister: how to use the passive in English.
by Liz Walter,
June 24, 2015
Look at these two sentences: My sister made the cake. The cake was made by my sister. Both these sentences mean the same. The first is an active sentence: it tells you what the sister did. The second is a passive sentence: it tells you what happened to the cake. Here are

Read More 

burger noun
burger noun
June 29, 2015
a menu on a computer screen comprising three short parallel horizontal lines which the user clicks to see options Definitely use a burger. You could put the settings in the burger menu too. Fix the settings to the bottom of the burger menu and use a vertically scrolling contact list that scrolls behind

Read More