I. ə̇nˈdemnəd.ē, -ətē, -i noun
( -es )
Etymology: Middle English indempnyte, from Middle French indemnité, from Latin indemnitat-, indemnitas, from indemnis unharmed (from in- in- (I) + damnum damage, harm) + -tat-, -tas -ty — more at damn
1.
a. : security or protection against hurt or loss or damage
a plan that offered indemnity against further financial loss
b. : exemption from incurred penalties or liabilities
received indemnity for his overdrawn accounts
2.
a. : indemnification 1
b. : something (as a sum of money paid in compensation) that indemnifies
had to pay a large indemnity
II. noun
Usage: often attributive
: fee-for-service herein
indemnity insurance