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indemnity - Dictionary definition and meaning for indemnity
INDEMNITY
(noun) a sum of money paid in compensation for loss or injury
synonyms : amends , damages , indemnification , redress , restitution(noun) legal exemption from liability for damages
(noun) protection against future loss
synonyms : insurance
WordNet® 3.0, © 2006 by Princeton University.
Mnemonics for indemnity
(Tag: ) IN+DAM+NEATy....because of heavy rains ,dam was ruined....hence in order to make dam neat, government gave compensation for loss incurred....
added by nileshdive
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(Tag: ) read as money paid in damage (loss)
added by saravpreet.302
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(Tag: Global:) in-demn-nity.. demn can be read as debt.debt must be paid back. so to compensate the loss, money must be given back..
added by Revathyy
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