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.
See indemnity in Webster's New World College Dictionary
noun pl. indemnities
Origin: Fr indemnité < LL indemnitas < L indemnis: see indemnify
See indemnity in American Heritage Dictionary 4
noun pl. in·dem·ni·ties
Origin: Middle English indempnite
Origin: , from Anglo-Norman
Origin: , from Late Latin indemnitās
Origin: , from Latin indemnis, uninjured; see indemnify.
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