If something provides indemnity, it provides insurance or protection against damage or loss.
[formal]
They were charged with failing to have professional indemnity cover.
Political exiles had not been given indemnity from prosecution. [+ from]
2. variable noun
An indemnity is an amount of money paid to someone because of some damage or loss they have suffered.
[formal]
The government paid the family an indemnity for the missing pictures. [+ for]
Synonyms: compensation, remuneration, reparation, satisfaction More Synonyms of indemnity
More Synonyms of indemnity
indemnity in British English
(ɪnˈdɛmnɪtɪ)
nounWord forms: plural-ties
1.
compensation for loss or damage; reimbursement
2.
protection or insurance against future loss or damage
3.
legal exemption from penalties or liabilities incurred through one's acts or defaults
4.
(in Canada) the salary paid to a member of Parliament or of a legislature
5. act of indemnity
Word origin
C15: from Late Latin indemnitās, from indemnis uninjured, from Latin in-1 + damnum damage
indemnity in American English
(ɪnˈdɛmnɪti)
nounWord forms: pluralinˈdemnities
1.
protection or insurance against loss, damage, etc.
2.
legal exemption from penalties or liabilities incurred by one's actions
3.
repayment or reimbursement for loss, damage, etc.; compensation
Word origin
Fr indemnité < LL indemnitas < L indemnis: see indemnify
indemnity in Insurance
(ɪndɛmnɪti)
noun
(Insurance: General)
Indemnity is compensation for damage or loss.
In case of loss of the vessel, the ship owner receives no indemnity for loss, but acquires immunity from payment of the loan.
The policy may pay certain or all expenses for medical and similar services and aweekly or monthly indemnity for loss of income.
Indemnity is compensation for damage or loss.
double indemnity
Examples of 'indemnity' in a sentence
indemnity
It is unclear if residents will have to pay for indemnity insurance.
The Sun (2016)
You can buy indemnity insurance to cover yourself.
Times, Sunday Times (2010)
The lender may also ask you to pay a small premium to cover search indemnity insurance.
Times, Sunday Times (2013)
Who will be the provider of personal indemnity insurance if it all goes wrong?
Times, Sunday Times (2006)
The freeholder will usually act only if the complainant provides a financial indemnity to cover the cost of any legal action.
Times, Sunday Times (2016)
But if they are not officially working, they are uncertain whether indemnity cover is valid.
Times, Sunday Times (2010)
It is a vehicle to encourage banks to lend to those with smaller deposits, similar to previous mortgage indemnity guarantee schemes.
Times, Sunday Times (2013)
The biggest single cost was indemnity insurance, which was about 5,000 a year.
Times, Sunday Times (2013)
The work will be covered by government indemnity, a guarantee provided to national galleries by the Treasury.
Times, Sunday Times (2011)
Other government plans to make all nurses take out indemnity insurance could worsen the blame culture, NT says.
Times, Sunday Times (2007)
If you don't have a licence or public indemnity insurance and a tenant has an accident in your home, you could be in trouble.
Times, Sunday Times (2010)
Therefore, it is advisable to take out contingent buildings indemnity insurance as a precaution, despite your lender not requiring it for the purposes of the mortgage.
Times, Sunday Times (2014)
In other languages
indemnity
British English: indemnity NOUN
If something provides indemnity, it provides insurance or protection against damage or loss.
They were charged with failing to have professional indemnity cover.
American English: indemnity
Brazilian Portuguese: garantia
Chinese: 保障
European Spanish: indemnidad
French: assurance
German: Schadenersatz
Italian: assicurazione
Japanese: 損害補償
Korean: 보장
European Portuguese: garantia
Latin American Spanish: indemnidad
All related terms of 'indemnity'
indemnity cover
cover providing insurance against damage or loss
indemnity plan
An indemnity plan is a healthcare plan that allows policyholders to choose any healthcare provider they wish , and charges them a fee depending on the rules of the policy .
double indemnity
(in life assurance policies ) a clause providing for the payment of double the policy's face value in the event of the policyholder's accidental death
indemnity clause
a clause in a contract that commits one or both parties to indemnify any loss that arises out of the contract
act of indemnity
an act of Parliament granting exemption to public officers from technical penalties that they may have been compelled to incur
indemnity insurance
insurance covering against damage or loss
1 (noun)
Definition
insurance against loss or damage
They had failed to take out full indemnity cover.
Synonyms
insurance
You are advised to take out insurance on your lenses.
security
The banks will pledge the land as security.
guarantee
He had to give a personal guarantee on the loan to his company.
protection
The primary duty of parents is the protection of their children.
2 (noun)
Definition
compensation for loss or damage
The government paid the family an indemnity for the missing pictures.
Synonyms
compensation
He received one year's salary as compensation for loss of office.
remuneration
I shall expect some remuneration for my trouble.
reparation
a demand amongst victims for some sort of reparation
satisfaction
Buyers have the right to go to court and demand satisfaction.
redress
a legal battle to seek some redress from the government
restitution
The victims are demanding full restitution.
reimbursement
It can take up to six months before reimbursements are made.
requital
3 (noun)
Definition
legal exemption from penalties incurred
He was offered indemnity from prosecution in return for his evidence.
Synonyms
exemption
new exemptions for students and the unwaged
immunity
The police are offering immunity to witnesses who can help them.
impunity
These gangs operate with apparent impunity.
privilege
He will use parliamentary privilege to make this information public.
Additional synonyms
in the sense of guarantee
Definition
something that makes a specified condition or outcome certain
He had to give a personal guarantee on the loan to his company.
Synonyms
security,
earnest (old-fashioned),
collateral,
surety
in the sense of immunity
Definition
freedom from prosecution, tax, etc.
The police are offering immunity to witnesses who can help them.