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noun security or protection against a loss or other financial burden. "no indemnity will be given for loss of cash" synonyms: insurance, assurance, protection, security, indemnification, surety, guarantee, warranty, safeguard "indemnity against loss" security against or exemption from legal responsibility for one's actions. plural noun: indemnities "a deed of indemnity" a sum of money paid as compensation, especially a sum exacted by a victor in war as one condition of peace. synonyms: compensation, reimbursement, recompense, repayment, restitution, payment, redress, reparation(s), damages More