indemnity
noun
in·dem·ni·ty
in-ˈdem-nə-tē
plural indemnities
1
a
: security against hurt, loss, or damage
b
: exemption from incurred penalties or liabilities
2
b
: something that indemnifies
3
: fee-for-service
—usually used attributively
an indemnity plan
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Merriam-Webster unabridged
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