Online Encyclopedia

INDEMNITY (through Fr. indemnite, Lat...

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Originally appearing in Volume V14, Page 371 of the 1911 Encyclopedia Britannica.
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INDEMNITY (through Fr. indemnite, Lat. indemnis, free from damage or loss; in-, negative, and damnum, loss), in law, an undertaking, either express or implied, to compensate another for loss or damage, or for trouble or expense incurred; also the sum so paid (see CONTRACT ; and INSURANCE : Marine). An act of indemnity is a statute passed for the purpose either of relieving persons from disabilities and penalties to which they have rendered themselves liable or to make legal transactions which, when they took place, were illegal. An act or bill of indemnity used to be passed every session by the English parliament for the relief of those who had unwittingly neglected to qualify themselves in certain respects for the holding of offices, &c., as, for example, justices, without taking the necessary oaths. The Promissory Oaths Act 1868 rendered this unnecessary.
End of Article: INDEMNITY (through Fr. indemnite, Lat. indemnis, free from damage or loss; in-, negative, and damnum, loss)
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