indemnity

/ɪnˈdɛmnɪti/

indemnity means security from damage, loss, or penalty.

indemnity is pronounced /ɪnˈdɛmnɪti/.

Etymology

From late Middle English indempnite, from Middle French indemnité, from Late Latin indemnitās (“security from damage”), from Latin indemnis (“undamaged”), from in- (“not”) + damnum (“damage”).

noun

Security from damage, loss, or penalty.e.g.“Near-synonyms: insurance, assurance”
An obligation or duty upon an individual to incur the losses of another.e.g.“Near-synonyms: liability, responsibility”
Repayment; compensation for loss or injury.e.g.“Near-synonyms: reparations, recompense, recompensation; see also Thesaurus:compensation”
The right of an injured party to shift the loss onto the party responsible for the loss.
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.

Definitions & examples from Wiktionary (CC BY-SA 3.0).

Words closest in meaning

By meaning, not spelling — each word's AI semantic fingerprint, nearest first.

indemnify 82% match — To secure against loss or damage; to insure. vs indemnity →
indemnifiable 66% match — Suitable for indemnification. vs indemnity →
requital 60% match — Compensation for damage or loss; amends. vs indemnity →
amends 58% match — Compensation for an injury or loss; recompense; reparation. vs indemnity →
endamnify 58% match — To hurt; to damn. vs indemnity →
impunity 57% match — Exemption from punishment. vs indemnity →
munity 55% match — Immunity; freedom; security. vs indemnity →
vadium 54% match — A pledge or security; bail. vs indemnity →