Indemnity

C1 16+

Pronunciation: /ɪnˈdɛmnəti/

Definitions of indemnity

noun a sum of money paid as compensation, especially a sum exacted by a victor in war as reparation from the vanquished

Example Sentences

A1 The insurance policy included indemnity for damages caused by natural disasters.

A2 The contract stated that the company would provide indemnity for any losses incurred during the project.

B1 The landlord required tenants to sign a rental agreement that included an indemnity clause.

B2 The construction company had to provide indemnity to the client in case of any accidents on the worksite.

C1 The legal team drafted a detailed indemnity agreement to protect the company from potential lawsuits.

C2 The merger agreement included a comprehensive indemnity provision to address any future liabilities.

Examples of indemnity in a Sentence

formal The company required all vendors to provide proof of indemnity in case of any potential legal claims.

informal Make sure you have insurance that covers indemnity just in case anything goes wrong.

slang I ain't worried about no indemnity, I got it all covered.

figurative Her unwavering loyalty to her friend was like an indemnity against any harm that may come their way.

Grammatical Forms of indemnity

plural

indemnities

comparative

more indemnified

superlative

most indemnified

present tense

indemnifies

future tense

will indemnify

perfect tense

has indemnified

continuous tense

is indemnifying

singular

indemnity

positive degree

indemnity

infinitive

to indemnify

gerund

indemnifying

participle

indemnified

Origin and Evolution of indemnity

First Known Use: 0015 year
Language of Origin: Latin
Story behind the word: The word 'indemnity' originated from the Latin word 'indemnitas', which means security, protection, or compensation.
Evolution of the word: Over time, 'indemnity' has evolved to refer to a legal obligation for one party to compensate another party for loss or damage incurred.