Associations to the word «Indemnity»

Wiktionary

INDEMNITY, noun. (legal) An obligation or duty upon an individual to incur the losses of another.
INDEMNITY, noun. Repayment.
INDEMNITY, noun. (legal) The right of an injured party to shift the loss onto the party responsible for the loss.
INDEMNITY, noun. (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.

Dictionary definition

INDEMNITY, noun. Protection against future loss.
INDEMNITY, noun. Legal exemption from liability for damages.
INDEMNITY, noun. A sum of money paid in compensation for loss or injury.

Wise words

Words are always getting conventionalized to some secondary meaning. It is one of the works of poetry to take the truants in custody and bring them back to their right senses.
William Butler Yeats