In contract law, an indemnity is a contractual obligation of one party (the indemnitor) to compensate the loss incurred by another party (the indemnitee) due to the relevant acts of the indemnitor or any other …

The meaning of INDEMNITY is security against hurt, loss, or damage. How to use indemnity in a sentence.

Sep 18, 2025 · Indemnity involves a contractual agreement where one party agrees to cover potential financial losses or damages caused by another party, often seen in insurance contexts.

INDEMNITY definition: 1. protection against possible damage or loss, especially a promise of payment, or the money paid…. Learn more.

Mar 9, 2025 · Insurance provides financial protection against unexpected losses, and indemnity ensures policyholders are restored to their previous financial position after a covered event. This principle …

1 day ago · What does indemnity really mean, and why is it crucial in risk management? Indemnity serves as a safety net, protecting individuals and businesses from financial losses due to unforeseen …

Indemnity is a type of insurance that covers a wide range of damages and losses. In the indemnity clause, one party commits to compensate another party for any prospective loss or damage.

If something provides indemnity, it provides insurance or protection against damage or loss.

Definition of indemnity noun from the Oxford Advanced Learner's Dictionary. [uncountable] indemnity (against something) protection against damage or loss, especially in the form of a promise to pay for …

Jul 23, 2025 · Indemnity protects you from losing money or getting hurt. It means that one party pays another for possible responsibilities. The word "Indemnity" is often used in insurance policies. Its goal …