Search results
- 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"
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. See all Synonyms & Antonyms in Thesaurus. Examples of indemnification in a Sentence.
The meaning of INDEMNIFY is to secure against hurt, loss, or damage. How to use indemnify in a sentence. Synonym Discussion of Indemnify.
What does indemnification mean? Indemnification is the act of providing protection or security against potential damages or loss or compensating someone for damages or money spent.
INDEMNIFICATION definition: 1. the act of paying or promising to pay someone an amount of money if they suffer damage or loss…. Learn more.
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.
Feb 25, 2024 · Indemnity is a comprehensive form of insurance compensation for damage or loss. In an indemnity arrangement, one party agrees to pay for potential losses or damage caused by another...
INDEMNIFY definition: 1. to pay or promise to pay someone an amount of money if they suffer damage or loss: 2. to…. Learn more.
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.
It is the state wherein one is compensated for loss or damage. How to use "indemnification" in a sentence. The contract included a clause about indemnification in case of any damages caused during the lease period. The insurance company's indemnification covers any accident-related costs.
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 tionnoun. Discover More.
