n.
Pronunciation: in- ' dem-n ə -t ē
Function: noun
Inflected Form: plural -ties
Date: 15th century
1 a : security against hurt, loss, or damage b : exemption from incurred penalties or liabilities
2 a : INDEMNIFICATION 1 b : something that indemnifies
3 : FEE-FOR-SERVICE ― usually used attributively <an indemnity plan>