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 indemnitor or any other …

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.

To indemnify, also known as indemnity or indemnification, means compensating a person for damages or losses they have incurred or will incur related to a specified accident, incident, or event.

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

Aug 31, 2025 · Indemnity is a fundamental legal principle providing protection against potential financial loss or damage. It represents a commitment by one party to compensate another for specific losses …

Jan 19, 2025 · What Does Indemnity Mean? Indemnity refers to compensation or payment for losses or damages, typically as part of a contractual agreement or insurance policy between two parties—the …

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

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 compensation to a party for a loss or damage that has already occurred or to guarantee through a contractual clause to repay another party for loss or damage that might occur in the future.