Indemnification

/ɪnˌdemnɪfɪˈkeɪʃn/
noun

The act of compensating someone for loss or damage.

The insurance policy provides you with indemnification for loss or damage to your car.
Visual representation of "indemnification" - The act of compensating someone for loss or damage.

Often appears as...

  • provide indemnification
  • seek indemnification

Usage tips

Formal

Technical

noun

A promise to pay someone's costs if they are sued because of their relationship with you.

The board members have indemnification agreements that protect them from personal liability.
Visual representation of "indemnification" - A promise to pay someone's costs if they are sued because of their relationship with you.

Often appears as...

  • indemnification agreement
  • indemnification rights

Usage tips

Formal

Technical

noun

The act of compensating someone for loss or damage.

The insurance policy provides you with indemnification for loss or damage to your car.
Visual representation of "indemnification" - The act of compensating someone for loss or damage.

Often appears as...

  • provide indemnification
  • seek indemnification

Usage tips

Formal

Technical

noun

A promise to pay someone's costs if they are sued because of their relationship with you.

The board members have indemnification agreements that protect them from personal liability.
Visual representation of "indemnification" - A promise to pay someone's costs if they are sued because of their relationship with you.

Often appears as...

  • indemnification agreement
  • indemnification rights

Usage tips

Formal

Technical

Definition 1 of 2
Visual representation of "indemnification"
LampPro Tip 1/3

Insurance Focus

Indemnification often relates to insurance where it describes being compensated for a loss or damage.

Illustration for Insurance Focus
The policy offers indemnification to homeowners impacted by natural disasters.
LampPro Tip 2/3

Legal Protection

Indemnification can also apply in legal contexts to protect a party from liability or financial loss.

Illustration for Legal Protection
Under our contract, the supplier must provide indemnification if their product causes harm.
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Loss Recovery

The term suggests a sense of restoring or recovering from a loss, not just a simple payment.

Illustration for Loss Recovery
The indemnification I received helped rebuild my store after the fire.
Word comparison image

Compare with

compensationpaymentredressreimburseremuneratereparationrestitutionrestoration
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Visual representation of the word "Indemnification"

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