indemnities
noun
Meaning
- Security from damage, loss, or penalty.
- An obligation or duty upon an individual to incur the losses of another.
- Repayment; compensation for loss or injury.
- The right of an injured party to shift the loss onto the party responsible for the loss.
- 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.
Etymology / origin
No prose etymology has been added yet.
No ancestor words have been linked yet.
Related words
Descendant words
No descendant words have been linked yet.