Indemnity vs. Indemnification

Indemnitynoun

Security from damage, loss, or penalty.

Indemnitynoun

(legal) An obligation or duty upon an individual to incur the losses of another.

Indemnitynoun

Repayment; compensation for loss or injury.

Indemnitynoun

(legal) The right of an injured party to shift the loss onto the party responsible for the loss.

Indemnitynoun

(insurance) 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.

Indemnitynoun

Security; insurance; exemption from loss or damage, past or to come; immunity from penalty, or the punishment of past offenses; amnesty.

Indemnitynoun

Indemnification, compensation, or remuneration for loss, damage, or injury sustained.

Indemnitynoun

protection against future loss

Indemnitynoun

legal exemption from liability for damages

Indemnitynoun

a sum of money paid in compensation for loss or injury

Indemnity

Indemnity is a contractual obligation of one party (indemnifier) to compensate the loss incurred to the other party (indemnity holder) due to the acts of the indemnitor or any other party. The duty to indemnify is usually, but not always, coextensive with the contractual duty to or .

Indemnificationnoun

The act or process of indemnifying, preserving, or securing against loss, damage, or penalty.

Indemnificationnoun

A reimbursement of loss, damage, or penalty.

Indemnificationnoun

The state of being indemnified.

Indemnificationnoun

That which indemnifies.

Indemnificationnoun

(legal) indemnity

Indemnificationnoun

The act or process of indemnifying, preserving, or securing against loss, damage, or penalty; reimbursement of loss, damage, or penalty; the state of being indemnified.

Indemnificationnoun

That which indemnifies.

Indemnificationnoun

a sum of money paid in compensation for loss or injury

Indemnificationnoun

an act of compensation for actual loss or damage or for trouble and annoyance