Definition of An Indemnity / Indemnity Payment: An indemnity is a kind of insurance, in which payment is made (often in previously determined amounts) for injuries suffered, not for the costs of recovery. The indemnity payment is designed not to be a dependent on anything the patient can control. From the point of view of the insurer, the indemnity mechanism avoids the moral hazard problem of victim spending too much in recovery. (Econterms)

Terms related to An Indemnity / Indemnity Payment:
None

About.Com Resources on An Indemnity / Indemnity Payment:
None

Writing a Term Paper? Here are a few starting points for research on An Indemnity / Indemnity Payment:

Books on An Indemnity / Indemnity Payment:
None

Journal Articles on An Indemnity / Indemnity Payment:
None

<Return to Main Page>