Definitions of indemnity
an agreement to protect a party against losses. If you are granted an indemnity then you are excluded from legal responsibility for your actions concerning a particular matter
Indemnity in Third-Party Proceedings. The Corporation shall indemnify and hold harmless Indemnitee in accordance with the provisions of this Section 3.
money paid as compensation, especially money paid as a peace condition by a country that has lost a war
The victors demanded war indemnities to help them pay for military expenses.
security or protection against a financial loss
This indemnity is available to all institutions against liability and loss.