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| in·dem·ni·ty [ in démnətee ] (plural in·dem·ni·ties) |
noun |
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| Definition: |
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1. insurance: protection or insurance against possible loss, damage, or liability
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2. compensation: a compensation paid for loss, damage, or liability
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3. exemption from penalties: legal exemption from penalties or liabilities
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| [15th century. Via French< late Latin indemnitas "security for damage" < Latin indemnis (see indemnify)] |
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