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indemnity
in·dem·ni·ty I0098600 (ĭn-dĕm′nĭ-tē)n. pl. in·dem·ni·ties 1. Security against damage, loss, or injury.2. An exemption from liability for damages resulting from specified conduct, as in a contract indemnifying a party for the performance of certain actions.3. Compensation for damage, loss, or injury suffered.
[Middle English indempnite, from Anglo-Norman, from Late Latin indemnitās, from Latin indemnis, uninjured; see indemnify.]indemnity (ɪnˈdɛmnɪtɪ) n, pl -ties1. (Insurance) compensation for loss or damage; reimbursement2. (Insurance) protection or insurance against future loss or damage3. (Law) legal exemption from penalties or liabilities incurred through one's acts or defaults4. (Government, Politics & Diplomacy) (in Canada) the salary paid to a member of Parliament or of a legislature5. (Parliamentary Procedure) act of indemnity an act of Parliament granting exemption to public officers from technical penalties that they may have been compelled to incur[C15: from Late Latin indemnitās, from indemnis uninjured, from Latin in-1 + damnum damage]in•dem•ni•ty (ɪnˈdɛm nɪ ti)
n., pl. -ties. 1. protection or security against damage or loss. 2. compensation for damage or loss sustained. 3. legal exemption from penalties attaching to illegal actions. [1425–75; late Middle English indem(p)nite < Latin indemnitās=indemni(s) without loss (in- in-3 + -demnis, adj. derivative of damnum financial loss) + -tās] Thesaurus| Noun | 1. |  indemnity - protection against future loss insuranceshelter, protection - the condition of being protected; "they were huddled together for protection"; "he enjoyed a sense of peace and protection in his new home" | | 2. | indemnity - legal exemption from liability for damagesexemption, freedom - immunity from an obligation or duty | | 3. |  indemnity - a sum of money paid in compensation for loss or injuryamends, damages, indemnification, redress, restitutioncompensation - something (such as money) given or received as payment or reparation (as for a service or loss or injury)relief - (law) redress awarded by a court; "was the relief supposed to be protection from future harm or compensation for past injury?"actual damages, compensatory damages, general damages - (law) compensation for losses that can readily be proven to have occurred and for which the injured party has the right to be compensatednominal damages - (law) a trivial sum (usually $1.00) awarded as recognition that a legal injury was sustained (as for technical violations of a contract)exemplary damages, punitive damages, smart money - (law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct)atonement, expiation, satisfaction - compensation for a wrong; "we were unable to get satisfaction from the local store" |
indemnitynoun1. insurance, security, guarantee, protection They had failed to take out full indemnity cover.2. compensation, remuneration, reparation, satisfaction, redress, restitution, reimbursement, requital The government paid the family an indemnity for the missing pictures.3. (Law) exemption, immunity, impunity, privilege He was offered indemnity from prosecution in return for his evidence.indemnitynounSomething to make up for loss or damage:amends, compensation, indemnification, offset, quittance, recompense, redress, reimbursement, remuneration, reparation, repayment, requital, restitution, satisfaction, setoff.TranslationsAbstandassicurazionerisarcimentoindemnity
indemnity1. legal exemption from penalties or liabilities incurred through one's acts or defaults 2. (in Canada) the salary paid to a member of Parliament or of a legislature 3. act of indemnity an act of Parliament granting exemption to public officers from technical penalties that they may have been compelled to incur Indemnity (1) money that the conquered state pays to the conqueror under the conditions of a peace treaty; (2) compulsory cash requisitions levied by the enemy troops on the population of an occupied territory. Historically, both types of indemnity originated from military plunder, the earliest form of which was the appropriation of military spoils characteristic of the wars of the slaveholding and feudal eras. Another widespread form of military plunder was the payment of a tribute that, from the legal point of view, was a sign of submission and consisted of the obligation of the conquered | Table 1. World and all-Union speed skating records |
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| Distance (m) | First world record | World record1 | USSR record1 |
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| 1As of Feb. 5, 1973 | | Men | | 500 ..... | 50.8 sec (1891) | 38.02 sec | 38.5 sec | | 1,000 ..... | 1 min 38.0 sec (1899) | 1 min 17.5 sec | 1 min 19.2 sec | | 1,500 ..... | 2 mln 35.0 sec (1893) | 1 min 58.7 sec | 1 min 59.5 sec | | 3,000 ..... | 5 min 19.2 sec (1933) | 4 min 08.3 sec | 4 min 08.2 sec | | 5,000 ..... | 9 min 19.8 sec (1890) | 7 min 09.8 sec | 7 min 28.26 sec | | 10,000 ..... | 20 min 21.4 sec (1893) | 14 min 55.9 sec | 15 min 13.4 sec | | Overall . . | 188.958 points (1949) | 168.248 points | 171.997 points | | Women | | 500 ..... | 1 min 02.0 sec (1931) | 41.8 sec | 42.6 sec | | 1,000 ..... | 2 min 16.4 sec (1939) | 1 min 27.3 sec | 1 min 27.7 sec | | 1,500 ..... | 3 min 28.0 sec (1929) | 2 min 15.8 sec | 2 min 16.09 sec | | 3,000 ..... | 6 min 52.8 sec (1931) | 4 min 46.5 sec | 4 min 47.2 sec | | 5,000 ..... | 11 min 30.5 sec (1931) | 9 min 01.6 sec | 9 min 01.6 sec | | Overall . . | 207.484 points (1956) | 182.817 points | 183.032 points |
state to pay money or deliver goods to the conqueror over a certain period of time. From the end of the 18th century the indemnity, as a general obligation of the conquered to the conqueror to pay a certain amount of money, was an invariable condition of peace treaties. The sum to be paid was in addition to the collections from the population during the war. The indemnity was considered as one of the unconditional “rights” that resulted from the victory. A characteristic of modern history is the establishment of a connection between the indemnity and the military expenditures of the conqueror; the indemnity was levied to cover these expenses. Sometimes the damages suffered by the civilian population from destruction, military requisitions, and the like were included in military expenditures. From the first days of its existence, the Soviet state opposed the indemnity as a form of plunder of conquered nations and proposed to all participants of the World War I that they sign a peace treaty without annexations and indemnities. This requirement was consolidated in the Decree on Peace, which announced the new principles of the foreign policy of the socialist state. Under the pressure of public opinion and as a result of statements of the Soviet diplomats denouncing the predatory essence of the indemnities, the Entente powers, in working out conditions of the Versailles Treaty of 1919, were forced to renounce indemnities. However, the renunciation was purely formal, the indemnities being replaced with reparations. An appendix to the fourth Hague Convention of 1907, On Laws and Customs of Land Warfare, proclaimed that “private property is not subject to confiscation” (art. 46) and that “plunder is unconditionally prohibited” (art. 47); at the same time it permits indemnities levied in the course of the war in the form of imposition of collections established for the benefit of the state, including taxes, fees, and charges, as well as collections necessary to meet the needs of the army or the administration of the occupied area. After World War II, owing to the firm position of the USSR, the peace treaties of 1947 consistently followed the principle of barring indemnities. The Geneva Convention of 1949, drafted with due consideration of the experience of World War II on the protection of the civil population during the war, prohibits the levying of any indemnity. V. I. MENZHINSKII indemnity
in·dem·ni·ty (in-dem'ni-tē) The agreement between an insurance company or other financial entity to underwrite the expenses incurred by a policyholder for covered services. indemnity
Related to indemnity: Indemnity clause, Indemnity insuranceIndemnityRecompense for loss, damage, or injuries; restitution or reimbursement. An indemnity contract arises when one individual takes on the obligation to pay for any loss or damage that has been or might be incurred by another individual. The right to indemnity and the duty to indemnify ordinarily stem from a contractual agreement, which generally protects against liability, loss, or damage. Cross-references Damages. indemnityn. the act of making someone "whole" (give equal to what they have lost) or protected from (insured against) any losses which have occurred or will occur. (See: indemnify) indemnity an undertaking by one person to make good losses suffered by another. Frequently confused with guarantee, an indemnity is a primary obligation that is enforceable irrespective of whether the beneficiary could sue the person responsible for causing the loss. On the other hand, a guarantee is a secondary obligation to pay a specified or ascertainable sum should the primary debtor fail to do so; if the primary obligation is unenforceable, the guarantee cannot be sued upon. An agent has the right to be indemnified by his principal against all losses and liabilities incurred by him while acting within the scope of his agency.INDEMNITY. That which is given to a person to prevent his suffering damage. 2 McCord, 279. Sometimes it signifies diminution; a tenant who has been interrupted in the enjoyment of his lease may require an indemnity from the lessor, that is, a reduction of his rent.
2. It is a rule established in all just governments that, when private property is required for public, use, indemnity shall be given by the public to the owner. This is the case in the United States. See Code Civil, art. 545. See Damnification.
3. Contracts made for the purpose of indemnifying a person for doing an act for which he could be indicted, or an agreement to, compensate a public officer for doing an act which is forbidden by law, or omitting to do one which the law commands, are absolutely void. But when the agreement with an officer was not to induce him to neglect his duty, but to test a legal right, as to indemnify him for not executing an execution, it was held to be good. 1 Bouv. Inst. n. 780. Indemnity
IndemnityA legal obligation to cover a liability, however arising.IndemnityIn law, compensation that one party is required to make to another for some loss, even if the compensating party did not directly cause the loss. For example, if Joe and Bob have a contract whereby Joe will pay for Bob's medical expenses should they arise and Bob is injured, then Joe must pay indemnity even if Joe did not cause the injury. If there is no contract specifying otherwise, however, the obligation to pay indemnity usually falls to the party that caused the loss.indemnity an arrangement whereby a financial institution such as an INSURANCE COMPANY agrees to compensate a client for any financial losses suffered as a result of damage, theft or loss of the client's property.indemnity
Related to indemnity: Indemnity clause, Indemnity insuranceSynonyms for indemnitynoun insuranceSynonyms- insurance
- security
- guarantee
- protection
noun compensationSynonyms- compensation
- remuneration
- reparation
- satisfaction
- redress
- restitution
- reimbursement
- requital
noun exemptionSynonyms- exemption
- immunity
- impunity
- privilege
Synonyms for indemnitynoun something to make up for loss or damageSynonyms- amends
- compensation
- indemnification
- offset
- quittance
- recompense
- redress
- reimbursement
- remuneration
- reparation
- repayment
- requital
- restitution
- satisfaction
- setoff
Synonyms for indemnitynoun protection against future lossSynonymsRelated Wordsnoun legal exemption from liability for damagesRelated Wordsnoun a sum of money paid in compensation for loss or injurySynonyms- amends
- damages
- indemnification
- redress
- restitution
Related Words- compensation
- relief
- actual damages
- compensatory damages
- general damages
- nominal damages
- exemplary damages
- punitive damages
- smart money
- atonement
- expiation
- satisfaction
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