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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.
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 it mean to indemnify someone? To indemnify someone means to protect them from financial loss or damage. If you indemnify a person or a company, you agree to cover their costs if they face a lawsuit or have to pay for damages.
indemnify somebody (for something) to pay somebody an amount of money because of the damage or loss that they have suffered. The tenant is legally required to indemnify the landlord for any damage caused to the property.
To indemnify someone against something bad happening means to promise to protect them, especially financially, if it happens. [ formal ] They agreed to indemnify the taxpayers against any loss.
To indemnify is to insure someone against potential damages or loss or to compensate someone for damages or money spent. Insurance coverage ind e mnifies a person by insuring them for certain potential situations, such as damages to their property from natural disasters or accidents.
To indemnify someone against something bad happening means to promise to protect them, especially financially, if it happens.
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.
Aug 27, 2015 · To indemnify means to compensate another party for losses or damages that have occurred, or which may occur in the future. It is a common practice for one party to guarantee it will compensate another party for any loss that may occur due to a contractual obligation. To explore this concept, consider the indemnify definition.
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 .
