Indemnity can be defined as the commitment to pay, or the actual payment, to cover losses or damage. It also has varied other definitions. It can be exclusion or exemption of fees and charges. Indemnity insurance pays the physician separately for each service rendered.
It is used in legal terms to classify a type of lawsuit that means the client/part has the right to be fully compensated by the other party.
The plural of indemnity is indemnities.
Contribution is the item or service given to a group or person (i.e., something that has been contributed). It may also be a tax or fee imposed by certain entities.
In legal terminology, contribution is a type of lawsuit that asks only for a portion of damages or loss from the other party. This is most usually found in the phrase claim for contribution, as in filing a claim in a court of law. One may also file a claim for indemnity. One would file multiple claims for contribution.
The Rehab Group claims it is entitled to an indemnity from its former chief executive Angela Kerins in relation to defamation proceedings brought over the charity’s denials of a developer’s claims. [The Irish Times]
An Istanbul court ruled on March 3 for Erdoğan to pay 10,000 liras in moral indemnities to Aksoy, partially accepting the 100,000 liras case Aksoy had filed against Erdoğan. [Hurriyet Daily News]
The logistics company filed a cross-claim for contribution against Penn Power, which, in turn, asserted cross-claims for indemnity as well as a counterclaim for negligence. [Courthouse News Service]