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    indemnity - Dictionary definition and meaning for word indemnity

    (noun) protection against future loss
    Synonyms : insurance
    (noun) legal exemption from liability for damages Definition
    (noun) a sum of money paid in compensation for loss or injury
   Mnemonics (Memory Aids) for indemnity

IN+DAM+NEATy....because of heavy rains ,dam was ruined....hence in order to make dam neat, government gave compensation for loss incurred....

in-demn-nity.. demn can be read as debt.debt must be paid back. so to compensate the loss, money must be given back..

read as money paid in damage (loss)

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