indemnity Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “indemnity” in the English Dictionary

(Definition of indemnity from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"indemnity" in American English

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indemnitynoun [C/U]

 us   /ɪnˈdem·nɪ·t̬i/ law
protection against ​possibledamage or ​loss, esp. a ​promise of ​payment, or the ​moneypaid if there is such ​damage or ​loss
(Definition of indemnity from the Cambridge Academic Content Dictionary © Cambridge University Press)

"indemnity" in Business English

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indemnitynoun [C or U]

uk   us   /ɪnˈdemnəti/ (plural indemnities)
INSURANCE protection against possible ​damage or ​loss, or the ​moneypaid if there is ​damage or ​loss: indemnity for/against sth The ​policyprovides an indemnity for ​loss of or ​damage to ​third-partyproperty.provide/offer (an) indemnity This ​insuranceprovides indemnity against ​legalcosts and ​damages. Creditors must give an indemnity to ​cover the ​costs of a ​potentialclaim. professional indemnity ​insurance
LAW protection against having ​legalresponsibility 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
(Definition of indemnity from the Cambridge Business English Dictionary © Cambridge University Press)
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“indemnity” in Business English

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