Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “indemnity”

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

from the word go

from the start of something

Word of the Day

Countability – grammar codes

by Dom Glennon​​,
November 26, 2014
Advices and informations Have you ever noticed strange codes in square brackets on entries in Cambridge Dictionaries Online and wondered what they mean? These are grammar codes, giving you a brief summary of how that word behaves grammatically. More information can be obtained by hovering your cursor over the code, and there’s

Read More 

ped-text verb

November 24, 2014
to text someone while walking I’m ped-texting, I’m looking down at my phone, 75 percent of the time.

Read More