Indemnity (noun) Definition, Meaning & Examples

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noun, plural in·dem·ni·ties.
  1. protection or security against damage or loss.
  2. compensation for damage or loss sustained.
  3. something paid by way of such compensation.
  4. protection, as by insurance, from liabilities or penalties incurred by one's actions.
  5. legal exemption from penalties attaching to unconstitutional or illegal actions, granted to public officers and other persons.
noun plural -ties
  1. compensation for loss or damage; reimbursement
  2. protection or insurance against future loss or damage
  3. legal exemption from penalties or liabilities incurred through one's acts or defaults
  4. (in Canada) the salary paid to a member of Parliament or of a legislature
  5. an act of Parliament granting exemption to public officers from technical penalties that they may have been compelled to incur
Indemnity (noun) Definition, Meaning & Examples

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