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Definitions from the Web

Indemnity

Noun:

1. A legal agreement where one party agrees to compensate another party for any loss or damage incurred.

Sample Sentence:

The insurance company provided indemnity to the policyholder for the car accident.

Noun:

2. Compensation or protection against a loss, damage, or injury.

Sample Sentence:

The tenant received indemnity from the landlord for the property damages caused by the leaking roof.

Related Products:

• Indemnity Insurance
• Indemnity Clauses