indemnity
pronunciation
How to pronounce indemnity in British English:
UK [ɪnˈdemnəti]
How to pronounce indemnity in American English:
US [ɪnˈdemnəti]
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- Noun:
- protection against future loss
- legal exemption from liability for damages
- a sum of money paid in compensation for loss or injury
Word Origin
- indemnity
- indemnity: see damage
- indemnity (n.)
- mid-15c., from Middle French indemnité (14c.), from Late Latin indemnitatem (nominative indemnitas) "security for damage," from Latin indemnis "unhurt, undamaged," from in- "not, opposite of, without" (see in- (1)) + damnum "damage" (see damn).
Example
- 1. I only hope you 've got some good indemnity insurance .
- 2. Public sector jobs carry immunity or a government indemnity .
- 3. It would also find it easier to negotiate an indemnity against capital losses on asset purchases .
- 4. At the time of the guangxu emperor 's death , the qing empire was in the midst of a financial crisis , burdened by excessive indemnity payments to the foreign powers , tariffs fixed by treaty and interest payments on loans to foreign banks .
- 5. Some say that canada 's banks are flattered by a huge indemnity offered by canada mortgage and housing corp ( cmhc ) , a public institution that insures mortgages with a loan-to-value ratio of more than 80 % .