Indemnity is a legal or contractual promise to compensate for harm or loss, typically by paying money to cover damages. It also refers to protection against such liability. The term is often used in insurance, contracts, and tort law to allocate risk and ensure compensation for specified harms.
Full pronunciation guide24 of 61 videos
0:59Guarantee
How to Pronounce Guarantee
0:58Guaranty
How to Pronounce Guaranty
0:54Hedge
How to Pronounce Hedge
1:00Indemnity
How to Pronounce Indemnity
1:00Indices
How to Pronounce Indices
1:00Inflation
How to Pronounce Inflation
0:58Interest
How to Pronounce Interest
1:00Issuance
How to Pronounce Issuance
0:58Mezzanine
How to Pronounce Mezzanine
1:02Obligation
How to Pronounce Obligation
