indemnities

/IH0 N D EH1 M N IH0 T IY0 Z/

noun

1
Security from damage, loss, or penalty.
2
An obligation or duty upon an individual to incur the losses of another.
3
Repayment; compensation for loss or injury.
4
The right of an injured party to shift the loss onto the party responsible for the loss.
5
A principle of insurance which provides that when a loss occurs, the insured should be restored to the approximate financial condition occupied before the loss occurred, no better, no worse.

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