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Indemnity

British pronunciation/ˌɪndˈɛmnɪti/
American pronunciation/ˌɪnˈdɛmnəti/, /ˌɪnˈdɛmnɪti/
Indemnity
[NOUN]
1

a sum of money paid in compensation for loss or injury

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2

legal exemption from liability for damages

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3

protection against future loss

synonyms : insurance
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Examples
1. Indemnity is a contractual agreement between two parties.
2. You have war indemnity.
3. They have to pay war indemnity.
4. The next largest portion of claims relates to indemnity claims stemming from the Civil War.
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