An indemnity is a sum paid by A to B by way of compensation for a particular loss suffered by B. The indemnitor (A) may or may not be responsible for the loss suffered by the indemnitee (B). Forms of indemnity include cash payments, repairs, replacement, and reinstatement.
Read more about Indemnity: General & Legal Meaning, Insurance, Freeing of Slaves and Indentured Servants, Costs of War