indemnity
Noun
Meaning
Security; insurance; exemption from loss or damage, past or to come; immunity from penalty, or the punishment of past offenses; amnesty.
Indemnification, compensation, or remuneration for loss, damage, or injury sustained.
Source: Webster's dictionarySynonyms
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Examples
Indemnity for the past and security for the future.
To renounce liberty is to renounce being a man, to surrender the rights of humanity and even its duties. For he who renounces everything no indemnity is possible. Such a renunciation is incompatible with man's nature; to remove all liberty from his will is to remove all morality from his acts.
Above the primary insurance or self-insured retention, the insured may have one or more layers of excess insurance to provide coverage additional limits of indemnity protection.
About this time the Persians made a semi-secret agreement to remain neutral in exchange for the cancellation of the indemnity from the previous war.
Accordingly, life insurance is generally not considered to be indemnity insurance, but rather "contingent" insurance (i.
After some internal dispute—Blaine wanted conciliation with Italy, Harrison was reluctant to admit fault—the United States agreed to pay an indemnity of $25,000, and normal diplomatic relations resumed.