Definitions | indemnity |
| noun (indemnities)
- an obligation or duty upon an individual to incur the losses of another.
- repayment
- the right of an injured party to shift the loss onto the party responsible for the loss.
- (insurance) a principle of insurance which provides that when a loss occurs, the insured should be restored to the approximate financial condition occupied before the loss occurred, no better, no worse.
Translations: - Italian: indennití (1,2,3)
Etymology:
Supplemental Details:Sponsor an extended definition for indemnity for as little as $10 per month. Click here to contact us.
| |
|