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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 possible damage or loss, esp. a promise of payment, or the money paid 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 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
(Definition of indemnity from the Cambridge Business English Dictionary © Cambridge University Press)
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“indemnity” in Business English

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