Meaning of indemnity | Babel Free

Definitions

1. Security from damage, loss, or penalty
2. An obligation or duty upon an individual to incur the losses of another
3. Repayment; compensation for loss or injury
4. The right of an injured party to shift the loss onto the party responsible for the loss
5. A principle of insurance which provides that when a loss occurs, the insured should be restored to the approximate financial condition occupied before the loss occurred, no better, no worse

Translations

CEFR level