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 …

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

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.

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.

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

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

Aug 22, 2025 · Understand indemnities: learn what they are, how they function, and their role in contractual risk allocation and financial protection. An indemnity is a contractual agreement …

Dec 30, 2024 · Explore the meaning of indemnity, its various forms, and how it operates in contracts, insurance policies, and leases. Learn from historical contexts and FAQ.

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 …