Meaning of “indemnity” in the English Dictionary

"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 /ɪnˈdemnəti/ us 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.

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)