/ ɪnˈdemnəti; NAmE / noun ( pl. -ies ) ( formal or law )
1.
[ U ] indemnity (against sth) protection against damage or loss, especially in the form of a promise to pay for any that happens :
an indemnity clause / fund / policy
indemnity insurance
2.
[ C ] a sum of money that is given as payment for damage or loss
••
WORD ORIGIN
late Middle English : from French indemnite , from late Latin indemnitas , from indemnis unhurt, free from loss.