Definify.com
Webster 1913 Edition
Indemnity
In-dem′ni-ty
,Noun.
pl.
Indemnities
(#)
. 1.
Security; insurance; exemption from loss or damage, past or to come; immunity from penalty, or the punishment of past offenses; amnesty.
Having first obtained a promise of
indemnity
for the riot they had committed. Sir W. Scott.
2.
Indemnification, compensation, or remuneration for loss, damage, or injury sustained.
They were told to expect, upon the fall of Walpole, a large and lucrative
indemnity
for their pretended wrongs. Ld. Mahon.
☞ Insurance is a contract of indemnity.
Arnould.
The owner of private property taken for public use is entitled to compensation or indemnity. Kent.
Act of indemnity
(Law)
, an act or law passed in order to relieve persons, especially in an official station, from some penalty to which they are liable in consequence of acting illegally, or, in case of ministers, in consequence of exceeding the limits of their strict constitutional powers. These acts also sometimes provide compensation for losses or damage, either incurred in the service of the government, or resulting from some public measure.
Webster 1828 Edition
Indemnity
INDEM'NITY
,Noun.
1.
Security given to save harmless; a writing or pledge by which a person is secured against future loss.2.
Security against punishment.Definition 2024
indemnity
indemnity
English
Noun
indemnity (plural indemnities)
- (law) An obligation or duty upon an individual to incur the losses of another.
- Repayment.
- (law) The right of an injured party to shift the loss onto the party responsible for the loss.
- (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.
Translations
obligation or duty
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repayment
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right
insurance: principle