indemnity

noun

Security against damage, loss, or injury.

noun

An exemption from liability for damages resulting from specified conduct, as in a contract indemnifying a party for the performance of certain actions.

noun

Compensation for damage, loss, or injury suffered.

noun

Security given against or exemption granted from damage, loss, injury, or punishment.

noun

Indemnification; compensation for loss, damage, or injury sustained; reimbursement.

noun

In law, that which is given to a person who has assumed or is about to assume a responsibility at the request or for the benefit of another, in order to make good to him any loss or liability which has or may come upon him by so doing.

noun

Security; insurance; exemption from loss or damage, past or to come; immunity from penalty, or the punishment of past offenses; amnesty.

noun

Indemnification, compensation, or remuneration for loss, damage, or injury sustained.

noun

an act or law passed in order to relieve persons, especially in an official station, from some penalty to which they are liable in consequence of acting illegally, or, in case of ministers, in consequence of exceeding the limits of their strict constitutional powers. These acts also sometimes provide compensation for losses or damage, either incurred in the service of the government, or resulting from some public measure.

noun

an obligation or duty upon an individual to incur the losses of another.