Memphis Average Weather. 1  The highest monthly average temperature in Memphis for August is 83 degrees. 2  The lowest monthly average temperature in Memphis for January is 44 degrees.  The most monthly precipitation in Memphis occurs in April with 5.6 inches.
English[edit] From Middle French indemnitÃ©, from Late Latin indemnitas â(âsecurity from damageâ), from Latin indemnis â(âundamagedâ), from in- â(ânotâ) + damnum â(âdamageâ). indemnity â(plural indemnities) (law) An obligation or duty upon an individual to incur the losses of another.
Period Of Indemnity. DEFINITION of 'Period Of Indemnity'. The length of time for which benefits are payable under an insurance policy. Also used to denote the time period for which indemnity or compensation is payable under a business interruption policy. The period of indemnity is usually the most critical component of quantifying the business interruption loss.