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Indemnity
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Meaning
Noun
●
Security from
damage
,
loss
, or penalty.
●
In Law:
An
obligation
or
duty
upon an individual to
incur
the
losses
of another.
●
Repayment;
compensation
for
loss
or injury.
●
In Law:
The right of an
injured party
to
shift
the
loss
onto the
party
responsible
for the
loss
.
●
In Insurance:
A
principle
of
insurance
which provides that when a
loss
occurs
, the
insured
should be
restored
to the
approximate
financial
condition
occupied
before the
loss
occurred
, no better, no worse.
Sourced from
Wiktionary
Origin
indemnity
English
indemnité
Middle French (ca. 1400-1600)
indemnitas
Latin
-itas
Latin
indemnis
Latin
Sourced from
Etym
Related
Indemnification
Annuity
Reimbursement
Liability
Restitution
Compensation
Insurance
Exemption
Obligation
Insurer
Insured
Payment
Damages
Entitlement
Contract
Guarantee
Agreement
Allowance
Subrogation
Waiver
Injunction
Overpayment
Tort
Remuneration
Claim
Negligence
Estoppel
Remedy
Arbitration
Indigency
Deduction
Liabilities
Expunction
Reinsurance
Reparations
Subsidy
Ejectment
Award
Redress
Penalty
Insurance Policy
Liability Insurance
Insurance Contract
Liquidated Damages
Advance Payment
Employee Benefit
Insurance Company
Life Insurance
Breach Of Contract
More
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