Indemnity

Webster's Dictionary

(1): ( n.) Indemnification, compensation, or remuneration for loss, damage, or injury sustained.

(2): ( n.) Security; insurance; exemption from loss or damage, past or to come; immunity from penalty, or the punishment of past offenses; amnesty.

Cyclopedia of Biblical, Theological and Ecclesiastical Literature

(Latin indemnitas, compensation) is in some churches a pension paid to the bishop in consideration of discharging or indemnifying churches, united or appropriated, from the payment of procurations or by way of recompense for the profits which the bishop would otherwise have received during the time of the vacation of such churches.