Indemnity means "no damage" in Latin — and its cousin damnum also produced damn, damage, and condemn, all words for suffering loss.
Security or protection against financial loss or legal liability; compensation paid for loss or damage sustained.
From French indemnité, from Late Latin indemnitās (security from damage), from Latin indemnis (unhurt, uninjured, suffering no loss), from in- (not) + damnum (loss, damage, penalty), from a PIE root possibly meaning expenditure or giving. Key roots: damnum (Latin: "loss, damage, injury, fine").
Indemnity literally means "no damage" — from Latin in- (not) + damnum (loss). The same Latin damnum gives us damage, damn, and condemn. In insurance law, the principle of indemnity states that a policyholder should be restored to exactly their pre-loss position — no better, no worse. War indemnities have shaped history: the massive indemnity imposed on France after the Franco-Prussian War (1871) was 5 billion francs, which France paid off early, stunning Europe. The even