Want to say indemnity differently? Here are other words for indemnity and its similar synonyms and opposite words to say in unique way.
Meaning of indemnity
The primary meaning of the word "indemnity" is related to security or protection against a financial loss.
Etymology of indemnity
The word "indemnity" originates from the Latin "indemnitas," meaning "security" or "safeguard," which is derived from "in" (meaning "against" or "not") and "damnum" (meaning "loss" or "harm")
Historically, the term has been used in legal and financial contexts to refer to a form of protection or compensation against losses or damages
Synonyms
Definitions
- A promise or agreement to pay a sum of money as compensation for a loss or damage
- * A payment made as compensation for a loss or damage
- * The state of being protected against a financial loss
Usage Examples
- The company provided an indemnity to the contractor in case of any unforeseen losses
- * The insurance policy included an indemnity clause to protect the policyholder against financial losses
- * The government offered an indemnity to the farmers who suffered crop damage due to the natural disaster