An Indemnity is a sum paid by A to B by way of compensation for a particular loss suffered by B. The indemnifying party (A) may or may not be responsible for the loss suffered by the indemnified party (B).

Forms of indemnity:

    * Payment of cash
    * Repairs
    * Replacement
    * Reinstatement

This article is licensed under the GNU Free Documentation License . It uses material from the Wikipedia article  Indemnity