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- Dictionaryindemnification/ɪnˌdɛmnɪfɪˈkeɪʃn/
noun
- 1. compensation for harm or loss: "the plaintiff sought indemnification for the cost of the suit against the corporation"
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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.
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.
to pay or promise to pay someone an amount of money if they suffer damage or loss: indemnify someone against something In return for a premium, the underwriter agrees to indemnify the insured against losses covered by the insurance.
Indemnification is the act of indemnifying —providing indemnity. Indemnity is the protection. Insurance coverage indemnifies a person by insuring them for certain potential situations, such as damages to their property from natural disasters or accidents.
1. : to secure against hurt, loss, or damage. 2. : to make compensation to for incurred hurt, loss, or damage. indemnifier. in-ˈdem-nə-ˌfī (-ə)r. noun. Synonyms. compensate. recompense. recoup. remunerate. requite. satisfy. See all Synonyms & Antonyms in Thesaurus. Choose the Right Synonym for indemnify.
Definitions of indemnification. noun. an act of compensation for actual loss or damage or for trouble and annoyance. see more. noun. a sum of money paid in compensation for loss or injury. synonyms: amends, damages, indemnity, redress, restitution. see 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. 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.
Indemnify definition: to compensate for damage or loss sustained, expense incurred, etc.. See examples of INDEMNIFY used in a sentence.
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.
