Ask a Question

What does the word indemnity mean?

0 votes
asked Feb 25, 2018 in Words & Wordplay by Grahlu (51,270 points)
What does the word indemnity mean?

1 Answer

0 votes
answered Feb 26, 2018 by Adf289 (58,200 points)
Indemnity is security or other protection you put up to prevent a loss on financial burdens.

Basically Indemnity is security you put up such as something you own outright to secure something such as a loan.

101,240 questions

96,980 answers

1,288 comments

7,002,007 users

Snow Theme by Q2A Market
Powered by Question2Answer
...