Indemnity
/ɪnˈdemnəti/
Definition 1 of 2
Pro Tip 1/3Financial Protection
Indemnity often involves financial security against potential future losses or damages. 
After the flood, the homeowners sought indemnity from their insurer.
Pro Tip 2/3Not Always Full
'Indemnity' doesn't guarantee full repayment but can be partial, based on the terms agreed. 
The indemnity covered only 70% of the stolen goods' value.
Pro Tip 3/3Specific Agreements
The scope of indemnity is defined by the terms of the policy or agreement. 
Her contract promised indemnity for any work-related travel expenses.
Compare with
CompensationGuaranteeInsuranceProtectionRedressReimburseRestitutionSecurity
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