Only The Most Financially Savvy Can Pass This Monetary Terms Quiz

Karyn Bailey|General Knowledge|13 Jan 2020

Which of the following is an example of indemnity?

45%
A man hands money over the counter to a woman.
Retry Correct Incorrect Indemnity is a contractual agreement that agrees one party will pay for the other party’s financial burdens. It can also alleviate one party of any liability, depending on the terms and circumstances.
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Ethan Miller/Getty Images
Ethan Miller/Getty Images

Which of the following is an example of indemnity?

  • Insurance covering the cost of damages experienced by the insured
  • Paying for your relative’s hospital bills because they cannot afford to
  • Donating money to an organization
  • Adding a tip to the bill for your server
45%

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