indemnity
Pronunciation
  • IPA: /ɪnˈdɛmnɪti/
Noun

indemnity

  1. Security from damage, loss, or penalty.
  2. (legal) An obligation or duty upon an individual to incur the losses of another.
  3. Repayment; compensation for loss or injury.
  4. (legal) The right of an injured party to shift the loss onto the party responsible for the loss.
  5. (insurance) A principle of insurance which provides that when a loss occurs, the insured should be restored to the approximate financial condition occupied before the loss occurred, no better, no worse.
Translations Translations Translations
  • Russian: гара́нтия от убыток
Translations
  • French: compensation
  • Russian: индемните́т
  • Spanish: indemnidad



This text is extracted from the Wiktionary and it is available under the CC BY-SA 3.0 license | Terms and conditions | Privacy policy 0.006
Offline English dictionary