indemnity

IPA: ɪndˈɛmnʌti

Security from damage, loss, or penalty.
(law) An obligation or duty upon an individual to incur the losses of another.
Repayment; compensation for loss or injury.
(law) The right of an injured party to shift the loss onto the party responsible for the loss.
(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.

Examples of "indemnity" in Sentences

That is not the kind of indemnity nuclear plants get.
Indemnity is the most honorable act of his public life.
The Soviet Republic undertook to pay an indemnity to the Germans.
Let's not open the door to infinite indemnity regarding the past.
This is without allowing anything for the payment of the indemnity.
During the litigation Daniels asked for a copy of the indemnity deed.
An indemnity of 40 million francs to France was also included in the treaty.
Moreover, the Soviet Government undertook to pay an indemnity to the Germans.
It'd be nice to verify the currency for the indemnity specified in the treaty.
Providing defense and indemnity does not foreclose bad faith claims against insurer, says California court.