Definition

A legal protection or compensation that covers someone for losses or damages they may suffer.

Example

The company provided indemnity to its employees for any legal claims arising from their work.

Conversation

I heard you signed an indemnity agreement for your new project.

Yeah, it protects me from any unexpected liabilities.

That sounds smart! I should consider getting indemnity for my freelance work too.

Definitely! It gives you peace of mind while you focus on your tasks.

Synonyms & Antonyms

Root Explanation

Indemnity → It is formed from "in-" (meaning not) and "damnum" (meaning damage or loss). The word "indemnity" refers to a compensation for loss or damage, essentially meaning not suffering a loss.

Memory Tip

Think of 'not' ('in-') suffering 'damage' ('damnum') — that's why indemnity means compensation for loss.

Visually Confused Words