In contract law, an indemnity is a contractual obligation of one party (the indemnitor) to compensate the loss incurred by another party (the indemnitee) due to the relevant acts of the …

Sep 18, 2025 · Indemnity involves a contractual agreement where one party agrees to cover potential financial losses or damages caused by another party, often seen in insurance contexts.

The meaning of INDEMNITY is security against hurt, loss, or damage. How to use indemnity in a sentence.

INDEMNITY definition: 1. protection against possible damage or loss, especially a promise of payment, or the money paid…. Learn more.

Indemnity is a type of insurance that covers a wide range of damages and losses. In the indemnity clause, one party commits to compensate another party for any prospective loss or damage.

Jul 18, 2025 · Learn how an indemnity agreement works to shift financial risk and how its specific terms define the scope of one party's legal protection from loss. An indemnity agreement is a …

If something provides indemnity, it provides insurance or protection against damage or loss.

Definition of indemnity noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

Security against damage, loss, or injury. 2. An exemption from liability for damages resulting from specified conduct, as in a contract indemnifying a party for the performance of certain actions. …

Indemnity is protection or security against damage or loss, or compensation for damages or money spent. Insurance coverage provides indemnity to a person (or organization) by insuring …