Indemnity (Noun)
Meaning 1
Legal exemption from liability for damages.
Classification
Nouns denoting natural processes.
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Related Words
Meaning 2
Protection against future loss.
Classification
Nouns denoting natural processes.
Examples
- The manufacturer offered a warranty as an indemnity against faulty products.
- The employer provided health insurance as an indemnity to its employees in case of illnesses or accidents.
- The homeowners purchased a flood insurance policy as an indemnity against potential damage to their property.
- The business invested in liability insurance as an indemnity against future lawsuits.
- The investment firm offered a guarantee as an indemnity to its clients against any potential losses.
Synonyms
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Meaning 3
A sum of money paid in compensation for loss or injury.
Classification
Nouns denoting possession and transfer of possession.
Synonyms
Hypernyms
Hyponyms
- Relief
- Actual Damages
- Exemplary Damages
- Punitive Damages
- Atonement
- Compensatory Damages
- Nominal Damages
- Expiation