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TeachMeFinance.com - explain Indemnity payment Indemnity payment The term 'Indemnity payment ' as it applies to the area of agriculture can be defined as ' The payment that eligible producers receive if they realize a qualifying crop loss under crop insurance, revenue insurance, or any insurance program'. Previous 5 Terms: Incremental effects Incremental energy costs Incremental loss of life Incurred Basis INDC Next 5 Terms: Independent assortment independent events Independent Laboratory Independent power producer Independent Power Producer (IPP) About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.