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indemnity definition

in·dem·nity (in dem′ni tē)

noun pl. indemnities -·ties

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

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

Webster's New World College Dictionary Copyright © 2009 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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