indemnity
1
8.0
- noun
- /ɪnˈdɛm.nɪ.ti/
- Formal
:
indemnización
- The contract specified that any lost profits would be compensated with an indemnity payment.
- pay an indemnity
Examples
-
After the accident, he received an indemnity to cover the repairs to his car.
-
The insurance company offered an indemnity for the damages caused by the storm.
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In the past, managed care was viewed as a further erosion of the indemnity business.
Academic text (1994) -
For example, a bookkeeper is required to be a registered BAS agent and hold professional indemnity insurance.
Blog text (24) -
One can make the reasonable assumption that whenever that data combination appears in the claim, indemnity payments will increase unless intervening action is taken.
Blog text (31) -
Hospitals have often responded to this problem by cost-shifting the difference to the indemnity payer.
Academic text (1994) -
In addition, China had to pay excruciating indemnities to foreign belligerents after each defeat from wars that were imposed on it.
Academic text (2002) -
Italian lands were seeded and Austria was forced to pay large war indemnities to Prussia.
-
Greece was ordered to pay an indemnity of 30 million leva (45,000 pounds in 1925) to Bulgaria.
Academic text (1995) -
The Italian government paid the Vatican an enormous indemnity and accepted all the pact's urbanistic implications, including utility connections to Vatican City and the clearance of the Borgo.
Academic text (2006)
Synonyms
214
3.6
Money given to pay someone for work and to make up for loss or injury
38
6.9
Giving back something lost or paying money for damage
5
6.3
Money paid to someone for a real loss or injury caused by another
2
8.8
Money that a person receives for loss, damage, or injury
1
3.9
An amount of money paid to someone for loss or injury
Actions or money given to make up for harm someone caused
Compounds
- Formal
1
7.8
A part of a life insurance policy that pays twice the money if death is an accident
How Much
Surface Forms
Morphology
indemnity = indemnify (opaque) = indemn + ity
The derivation uses a Latin-based verb root not familiar as an independent English morpheme, so learners cannot reliably infer the noun meaning from the parts.
Etymology
Indemnity comes from the Latin parts in- 'not' and a root like damage 'harm or loss', so the original idea was to make someone 'not harmed' after something bad happened. That's why an indemnity can be the money paid to cover a loss or injury.