Definition of indemnity
plural indemnities
1
a : security against hurt, loss, or damage
b : exemption from incurred penalties or liabilities
2
a : indemnification 1
b : something that indemnifies
3
: fee-for-service —usually used attributively an indemnity plan
Examples of indemnity in a sentence
an agreement providing indemnity against prosecution
has paid $2 million in indemnities
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