different between gratuity vs indemnity
gratuity
English
Etymology
From Old French gratuite (French gratuité), from Medieval Latin gratuitas (“a free gift”), from Latin gratuitus (“freely given, free”); see gratuitous.
Pronunciation
- (UK) IPA(key): /????tju??t?/
- (US) IPA(key): /????tu??t?/
Noun
gratuity (plural gratuities)
- An additional payment given freely as thanks for service.
- Euphemistic form of fee, in contexts where such additional payments have been made obligatory.
- Euphemistic form of bribe.
Synonyms
- (additional payment offered in thanks): douceur, grace, pourboire, tip; baksheesh (Turkish and Middle Eastern contexts); cumshaw (SE Chinese contexts; archaic); see also gift
- (obligatory fee): service charge; douceur, tip (euphemistic)
- (bribe): Thesaurus:bribe
- (additional gift from a vendor): lagniappe
Related terms
- gratis
- gratuitous
- gratuitously
Translations
Further reading
- gratuity in Webster’s Revised Unabridged Dictionary, G. & C. Merriam, 1913.
- gratuity in The Century Dictionary, New York, N.Y.: The Century Co., 1911.
gratuity From the web:
- what gratuity means
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indemnity
English
Etymology
From late Middle English indempnite, from Middle French indemnité, from Late Latin indemnitas (“security from damage”), from Latin indemnis (“undamaged”), from in- (“not”) + damnum (“damage”).
Pronunciation
- IPA(key): /?n?d?mn?ti/
- Hyphenation: in?dem?ni?ty
Noun
indemnity (countable and uncountable, plural indemnities)
- Security from damage, loss, or penalty.
- (law) An obligation or duty upon an individual to incur the losses of another.
- Repayment; compensation for loss or injury.
- (law) The right of an injured party to shift the loss onto the party responsible for the loss.
- (insurance) 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.
Related terms
- indemnify
- damage
Translations
See also
- double indemnity
indemnity From the web:
- what indemnity means
- what indemnity insurance
- what indemnity insurance means
- what indemnity bond
- what's indemnity agreement
- what indemnity bond means
- what's indemnity benefit
- what's indemnity clause
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