UK Accounting Glossary
Protection from future loss, either by repayment or a promise to not require repayment.
An accident and health indemnity policy provides monthly compensation to the policyholder if they are unable to work due to being in the hospital.
Most contracts include indemnity clauses that protect one or both parties from future damage claims.
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Definitions for Indemnity are sourced/syndicated and enhanced from:
This glossary post was last updated: 13th February 2020.