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Indemnity
01
an amount of money that must be paid to someone for a loss, injury, or damage
Examples
The contractor will be responsible for paying indemnity if any property is damaged during construction.
02
exemption from legal accountability
Examples
By signing the agreement, the consultant receives indemnity from any lawsuits related to the project.
03
protection against future loss
Lexical Tree
indemnity
indemn
