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indemnity
This term carries a strong legal and financial connotation, evoking a sense of restoration and security. It describes the act of making someone whole again after a loss, shifting the burden of financial risk from one party to another through a formal agreement. In a legal context, it often refers to a shield against prosecution or liability, granting a person immunity for specific actions. This distinguishes it from simple payment, as it implies a contractual or statutory guarantee of protection.
Meanings
Security or protection against a loss, damage, or financial liability, often provided through an insurance policy or a legal contract.
"The insurance company provided a full indemnity for the lost cargo."
Compensation paid to someone for a loss or injury they have suffered.
"The victim received a substantial indemnity after the accident."