What is indemnity?

Online Dictionary; in·dem·ni·ty  (ĭn-dĕm′nĭ-tē) n.pl.in·dem·ni·ties 1. Securityagainstdamage,loss, or injury. 2. An exemptionfromliabilityfordamagesresultingfromspecifiedconduct, as in a contractindemnifying a partyfortheperformance of certainactions….

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