Meaning ofindemnityin English

Noun

1. protection from loss or penalty; security
   The company provided indemnity to its employees against work-related injuries.
2. compensation for loss or damage
   The insurance policy offered indemnity for damages caused by natural disasters.
3. obligation to cover another's losses
   The contract included a clause of indemnity to protect the client from financial losses.
4. right to shift loss to the responsible party
   The company claimed indemnity from the supplier for the defective products they provided.
5. restoring financial condition to pre-loss state