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- DictionaryIn·dem·ni·fi·ca·tion/inˌdemnəfəˈkāSH(ə)n/
noun
- 1. compensation for harm or loss: "the plaintiff sought indemnification for the cost of the suit against the corporation"
the act of paying or promising to pay someone an amount of money if they suffer damage or loss: They asked for some form of indemnification in case the proposed deal was blocked. The government has allocated large sums for the indemnification of farmers whose crops are destroyed. law specialized.
Feb 25, 2024 · Indemnity is a comprehensive form of insurance compensation for damage or loss. When the term indemnity is used in the legal sense, it may also refer to an exemption from...
indemnify. To indemnify, also known as indemnity or indemnification, means compensating a person for damages or losses they have incurred or will incur related to a specified accident, incident, or event. Typically, parties make a written agreement in which one party (indemnitor) promises to indemnify the other party (indemnitee) for future ...
to protect someone from having legal responsibility for something: idemnify sb against sth. Directors cannot be indemnified against liability for negligence. indemnification. noun [ C or U ] Trustees are entitled to indemnification for expenses and liabilities.
an amount of money that is paid to somebody because of the damage or loss that they have suffered. Are they entitled to indemnification? Check pronunciation: indemnification. Definition of indemnification noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
noun. the act of indemnifying; state of being indemnified. something that serves to indemnify; compensation. Synonyms: indemnity, reparation, amends, payment. Discover More. Other Words From. in·dem·nif·i·ca·to·ry [ in-dem-, nif, -, uh, -k, uh, -tawr-ee, -tohr-ee], adjective. pre in·dem ni·fi·ca tion noun. Discover More. Word History and Origins.
verb (used with object) , in·dem·ni·fied, in·dem·ni·fy·ing. to compensate for damage or loss sustained, expense incurred, etc. Synonyms: repay, reimburse, recompense. to guard or secure against anticipated loss; give security against (future damage or liability). indemnify.
