What does the word indemnity mean?

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asked Feb 25, 2018 in Words & Wordplay by Grahlu (48,320 points)
What does the word indemnity mean?

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answered Feb 26, 2018 by Adf289 (44,460 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.

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