indemnity indemnity /ˌɪnˈdɛmnɪti/

noun

1. A sum of money paid in compensation for loss or injury  ( amends , damages , indemnification , indemnity , redress , restitution , redressal [Asia] )
   a sum of money paid in compensation for loss or injury
   
2. Legal exemption from liability for damages  ( indemnity )
   legal exemption from liability for damages
   
3. Protection against future loss  ( indemnity , insurance )
   protection against future loss