Indemnity In*dem"ni*ty, n.; pl. {Indemnities}. [L. indemnitas, fr. indemnis uninjured: cf. F. indemnit['e]. See {Indemnify}.] [1913 Webster] 1. Security; insurance; exemption from loss or damage, past or to come; immunity from penalty, or the punishment of past offenses; amnesty. [1913 Webster]

Having first obtained a promise of indemnity for the riot they had committed. --Sir W. Scott. [1913 Webster]

2. Indemnification, compensation, or remuneration for loss, damage, or injury sustained. [1913 Webster]

They were told to expect, upon the fall of Walpole, a large and lucrative indemnity for their pretended wrongs. --Ld. Mahon. [1913 Webster]

Note: Insurance is a contract of indemnity. --Arnould. The owner of private property taken for public use is entitled to compensation or indemnity. --Kent. [1913 Webster]

{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. [1913 Webster]

The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • indemnity — in·dem·ni·ty /in dem nə tē/ n pl ties 1 a: security against hurt, loss, or damage b: exemption from incurred penalties or liabilities 2 a: indemnification (1) b: something (as a payme …   Law dictionary

  • indemnity — in‧dem‧ni‧ty [ɪnˈdemnti] noun indemnities PLURALFORM 1. [uncountable] INSURANCE protection against loss or damage, especially in the form of an official written promise to pay for any losses or damage: • Every full time employee at our firm… …   Financial and business terms

  • indemnity — The act of one party protecting or guaranteeing protection, or freedom from liability, of a third party for actions of that party. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • indemnity — (n.) mid 15c., from M.Fr. indemnité (14c.), from L.L. indemnitatem (nom. indemnitas) security for damage, from L. indemnis unhurt, undamaged, from in not, opposite of, without (see IN (Cf. in ) (1)) + damnum damage (see DAMN (Cf …   Etymology dictionary

  • indemnity — *reparation, redress, amends, restitution …   New Dictionary of Synonyms

  • indemnity — ► NOUN (pl. indemnities) 1) security or protection against a loss or other financial burden. 2) security against or exemption from legal responsibility for one s actions. 3) a sum of money paid as compensation, especially by a country defeated in …   English terms dictionary

  • indemnity — [in dem′ni tē] n. pl. indemnities [Fr indemnité < LL indemnitas < L indemnis: see INDEMNIFY] 1. protection or insurance against loss, damage, etc. 2. legal exemption from penalties or liabilities incurred by one s actions 3. repayment or… …   English World dictionary

  • Indemnity — An indemnity is a sum paid by A to B by way of compensation for a particular loss suffered by B. The indemnifying party (A) may or may not be responsible for the loss suffered by the indemnified party (B). Forms of indemnity include cash payments …   Wikipedia

  • indemnity — [[t]ɪnde̱mnɪti[/t]] indemnities 1) N UNCOUNT 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… …   English dictionary

  • Indemnity — Compensation for damages or loss. Indemnity in the legal sense may also refer to an exemption from liability for damages. The concept of indemnity is based on a contractual agreement made between two parties, in which one party agrees to pay for… …   Investment dictionary

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