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Encyclopedia Britannica



INDEMNITY (through Fr. indemnite, Lat. indemnis, free from damage or loss; in-, negative, and damnum, loss)

This article appears in Volume V14, Page 371 of the Encyclopedia Britannica.

Encyclopedia Britannica - Main :: I27-INV
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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