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- DictionaryIn·dem·ni·fy/inˈdemnəˌfī/
verb
- 1. compensate (someone) for harm or loss: "the amount of insurance that may be carried to indemnify the owner in the event of a loss"
To pay compensation for a loss, damages, or similar expense is to indemnify. "The insurance company indemnified its customers for their claims after the severe storm — one customer lost three cars, a row boat, and a golf cart." The verb indemnify also means to secure against future loss.
May 1, 2024 · To indemnify someone against something bad happening means to promise to protect them, especially financially, if it happens.
indemnify somebody (against something) to promise to pay somebody an amount of money if they suffer any damage or loss. The contract indemnifies them against loss of earnings.
indemnify. verb. /ɪnˈdɛmnəˌfaɪ/. (law) Verb Forms. indemnify somebody (against something) to promise to pay someone an amount of money if they suffer any damage or loss The contract indemnifies them against loss of earnings.
INDEMNIFY meaning: 1 : to protect (someone) by promising to pay for the cost of possible future damage, loss, or injury; 2 : to give (someone) money or another kind of payment for some damage, loss, or injury.
1. a. : the action of indemnifying. b. : the condition of being indemnified. 2. : indemnity sense 2b. Synonyms. compensation. damages. indemnity. quittance. recompense. recoupment. redress. remuneration. reparation. reprisal (s) requital. restitution. satisfaction.
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.
