Longman Dictionary of Contemporary English homepage

indemnity

 noun
     
Related topics: Insurance, Law
in‧dem‧ni‧ty plural indemnities law
1 [uncountable]SCLBFI protection against loss or damage, especially in the form of a promise to pay for any losses or damage:
insurance providing indemnity against future liabilities
2 [countable]BFI a payment for the loss of money, goods etc
Definition from the Longman Dictionary of Contemporary English
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