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indemnity

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Indemnity is defined as protection from damage, injury, financial loss or legal liability.

(noun)

When you buy insurance and your insurance protects you from being sued or from financial loss, this is an example of indemnity.

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See indemnity in Webster's New World College Dictionary

noun pl. indemnities

protection or insurance against loss, damage, etc.
legal exemption from penalties or liabilities incurred by one's actions
repayment or reimbursement for loss, damage, etc.; compensation

Origin: Fr indemnité < LL indemnitas < L indemnis: see indemnify

See indemnity in American Heritage Dictionary 4

noun pl. in·dem·ni·ties

Security against damage, loss, or injury.
A legal exemption from liability for damages.
Compensation for damage, loss, or injury suffered. See Synonyms at reparation.

Origin:

Origin: Middle English indempnite

Origin: , from Anglo-Norman

Origin: , from Late Latin indemnitās

Origin: , from Latin indemnis, uninjured; see indemnify

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