indemnity

Definitions

Security or protection against a loss or other financial burden.

A sum of money paid as compensation, especially a legal exemption from liability for damages.

Examples

The contract includes an indemnity clause to protect the company against potential legal claims.

He was granted full indemnity for his actions during the investigation, ensuring he would not face prosecution.

Synonyms

compensation reimbursement reparation security protection guarantee insurance

Antonyms

liability exposure vulnerability debt risk penalty forfeiture