indemnity
Definitions
Accounting
Health Economics
- (written as Indemnity)A sum of money contracted to be paid to one person by another as compensation for a loss whether or not the indemnifier caused the loss.
Law
- noun a statement of liability to pay compensation for a loss or for a wrong in a transaction to which you are a party
- noun the right of someone to recover from a third party the amount which is liable to be paid
