A reimbursement of loss, damage, or penalty.
That which indemnifies.
The state of being indemnified.
The act or process of indemnifying, preserving, or securing against loss, damage, or penalty.
indemnity
Repayment; compensation for loss or injury.
An obligation or duty upon an individual to incur the losses of another.
The right of an injured party to shift the loss onto the party responsible for the loss.
Security from damage, loss, or penalty.
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.