indemnity
/ɪnˈdɛmnɪti/ noun C2- Security from damage, loss, or penalty. · Near-synonyms: insurance, assurance
- An obligation or duty upon an individual to incur the losses of another. · Near-synonyms: liability, responsibility
- Repayment; compensation for loss or injury. · Near-synonyms: reparations, recompense, recompensation; see also Thesaurus:compensation
- The right of an injured party to shift the loss onto the party responsible for the loss.
- 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.
Plural indemnities
From the library
As we have seen, therefore, he permitted his former host to retire without attempting a recognition, but fully promising himself a rich indemnity for his present forbearance should chance afford him another opportunity.
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