Another Word For Indemnity

Meaning

The word "indemnity" refers to a form of protection or security against loss or damage. In legal and insurance contexts, it often means compensation for harm or loss suffered by an individual or entity. Essentially, when one party agrees to provide indemnity, they are agreeing to cover the expenses and losses incurred by another party.

Synonyms

• Compensation
• Reimbursement
• Restitution
• Reparation
• Protection

Antonyms

• Liability
• Loss
• Penalty
• Damage

Etymology

The term "indemnity" originates from the Latin word "indemnitas," which means "freedom from damage." The prefix "in-" means "not," and "damnare" means "to damage." This reflects the idea of being free from harm or loss.

Examples

1. The insurance policy provided full indemnity for any damages incurred during the event.
2. The contractor agreed to offer indemnity for any injuries that occurred on the job site.
3. The company sought indemnity from its suppliers for defects in the products it sold.