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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.
After the accident, the driver received an indemnity to cover the costs of his medical treatment.
02
exemption from legal accountability
Examples
By signing the agreement, the consultant receives indemnity from any lawsuits related to the project.
The new policy will offer indemnity to employees, shielding them from legal consequences for decisions made within the scope of their work.
03
protection against future loss
Lexical Tree
indemnity
indemn
