indemnity indemnity  /ɪn ˈdɛm nə ti/

Definition(s):

  1. (n) protection against future loss
  2. (n) legal exemption from liability for damages
  3. (n) a sum of money paid in compensation for loss or injury

Usage(s):

  1. Her next goals: an indemnity fund for victims, a bill of rights for victims, automatic imprisonment for repeat offenders.
  2. The terms of the indemnity agreement are: 1) Greece acknowledges responsibility for the damage.
  3. As if to double the indemnity, the marriage was performed twice, first in civil ceremony, two days later by a rabbi.

News

  1. A.M. Best Affirms Ratings of Global Indemnity plc and Its Subsidiaries

    OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of "a" of Wind River Reinsurance Company, Ltd. (Wind River Re) (Hamilton, Bermuda) and its U.S. subsidiaries. Concurrently, A.M. Best has affirmed the ICR of "bbb" of the ultimate parent holding company of Wind River Re, Global Indemnity plc (Global ...
    on June 15, 2013     Source: Business Wire

  2. A.M. Best Affirms Ratings of Central States Indemnity Co. of Omaha

    A.M. Best Co. has affirmed the financial strength rating of A+ and issuer credit rating of “aa-” of Central States Indemnity Co. of Omaha . The outlook
    on June 15, 2013     Source: Business Wire via Yahoo! Finance

  3. A.M. Best Upgrades Ratings of California Insurance Company and Its Affiliates

    A.M. Best Co. has upgraded the financial strength rating to A+ from A and issuer credit ratings to “aa-” from “a+” of California Insurance Company , Continental Indemnity Company and Illinois Insurance Company .
    on June 15, 2013     Source: Business Wire via Yahoo! Finance

Quotes

  1. "We've also talked about the need to have an upfront confidence building measure, which could be through indemnity or lifting of the ban on a twice elected prime minister before we say or trigger an agreement," Bhutto said.
    on Aug 11, 2007 By: Benazir Bhutto Source: Canada.com

  2. "He is a dictator who takes illegal steps and the gives them indemnity himself," opposition leader Nawaz Sharif, who returned to Pakistan after years in exile, told local media.
    on Dec 16, 2007 By: Nawaz Sharif Source: Reuters UK

Word of the Day
affectation affectation
/ˌæ fɛk ˈteɪ ʃən /