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Indemnity

usgb/ɪnˈdemnəti/Volume
Left Definition 1 of 2Right
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Financial ProtectionPlay
Indemnity often involves financial security against potential future losses or damages. SlideAfter the flood, the homeowners sought indemnity from their insurer.
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Not Always FullPlay
'Indemnity' doesn't guarantee full repayment but can be partial, based on the terms agreed. SlideThe indemnity covered only 70% of the stolen goods' value.
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Specific AgreementsPlay
The scope of indemnity is defined by the terms of the policy or agreement. SlideHer contract promised indemnity for any work-related travel expenses.