Indemnity vs Security - What's the difference?
indemnity | security |
(legal) An obligation or duty upon an individual to incur the losses of another.
Repayment.
(legal) The right of an injured party to shift the loss onto the party responsible for the loss.
A principle of insurance which provides that when a loss occurs, the insured should be restored to the approximate financial condition occupied before the loss occurred, no better, no worse.
(uncountable) The condition of not being threatened, especially physically, psychologically, emotionally, or financially.
* Shakespeare
* Jonathan Swift
(countable) Something that secures.
An organization or department responsible for providing security by enforcing laws, rules, and regulations as well as maintaining order.
* {{quote-magazine, date=2012-12-14, author=Simon Jenkins, authorlink=Simon Jenkins
, volume=188, issue=2, page=23, date=2012-12-21, magazine=(The Guardian Weekly)
, title= * {{quote-magazine, date=2013-06-08, volume=407, issue=8839, page=52, magazine=(The Economist)
, title= (legal) Something that secures the fulfillment of an obligation or law.
(legal) Freedom from apprehension.
(finance) Proof of ownership of stocks, bonds or other investment instruments.
(finance) Property etc. temporarily relinquished to guarantee repayment of a loan.
A guarantee.
* Macaulay
(obsolete) Carelessness; negligence.
* Shakespeare
In lang=en terms the difference between indemnity and security
is that indemnity is the right of an injured party to shift the loss onto the party responsible for the loss while security is freedom from apprehension.indemnity
English
Noun
(indemnities)See also
* (l) * (l)security
English
(wikipedia security)Alternative forms
* secuerity (mostly obsolete)Noun
- Give up yourself merely to chance and hazard, / From firm security .
- Some alleged that we should have no security for our trade.
We mustn't overreact to North Korea boys' toys, passage=The threat of terrorism to the British lies in the overreaction to it of British governments. Each one in turn clicks up the ratchet of surveillance, intrusion and security . Each one diminishes liberty.}}
The new masters and commanders, passage=From the ground, Colombo’s port does not look like much. Those entering it are greeted by wire fences, walls dating back to colonial times and security posts. For mariners leaving the port after lonely nights on the high seas, the delights of the B52 Night Club and Stallion Pub lie a stumble away.}}
- Those who lent him money lent it on no security but his bare word.
- He means, my lord, that we are too remiss, / Whilst Bolingbroke, through our security , / Grows strong and great in substance and in power.