What does Indemnification mean?
Definitions for Indemnification
ɪnˌdɛm nə fɪˈkeɪ ʃənin·dem·ni·fi·ca·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word Indemnification.
Princeton's WordNet
damages, amends, indemnity, indemnification, restitution, redressnoun
a sum of money paid in compensation for loss or injury
indemnificationnoun
an act of compensation for actual loss or damage or for trouble and annoyance
Wiktionary
indemnificationnoun
The act or process of indemnifying, preserving, or securing against loss, damage, or penalty.
indemnificationnoun
A reimbursement of loss, damage, or penalty.
indemnificationnoun
The state of being indemnified.
indemnificationnoun
That which indemnifies.
indemnificationnoun
indemnity
Samuel Johnson's Dictionary
Indemnificationnoun
Etymology: from indemnify.
Wikipedia
indemnification
In contract law, an indemnity is a contractual obligation of one party (the indemnitor) to compensate the loss incurred by another party (the indemnitee) due to the relevant acts of the indemnitor or any other party. The duty to indemnify is usually, but not always, coextensive with the contractual duty to "hold harmless" or "save harmless". In contrast, a "guarantee" is an obligation of one party (the guarantor) to another party to perform the promise of a relevant other party if that other party defaults. Indemnities form the basis of many insurance contracts; for example, a car owner may purchase different kinds of insurance as an indemnity for various kinds of loss arising from operation of the car, such as damage to the car itself, or medical expenses following an accident. In an agency context, a principal may be obligated to indemnify their agent for liabilities incurred while carrying out responsibilities under the relationship. While the events giving rise to an indemnity may be specified by contract, the actions that must be taken to compensate the injured party are largely unpredictable, and the maximum compensation is often expressly limited.
ChatGPT
indemnification
Indemnification is a legal term referring to the act of compensating someone for a loss or damage they have suffered. It is a contractual obligation where one party agrees to secure another party against either anticipated or actual loss, liability, or damage. This often involves financial reimbursement but could also mean any form of compensation agreed upon in the contract. It is commonly used in various types of insurance policies, business contracts, and legal settings.
Webster Dictionary
Indemnificationnoun
the act or process of indemnifying, preserving, or securing against loss, damage, or penalty; reimbursement of loss, damage, or penalty; the state of being indemnified
Indemnificationnoun
that which indemnifies
Dictionary of Nautical Terms
indemnification
A stipulated compensation for damage done.
Military Dictionary and Gazetteer
indemnification
A regulated allowance for losses sustained by officers or soldiers on actual service.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of Indemnification in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of Indemnification in Pythagorean Numerology is: 1
Examples of Indemnification in a Sentence
If the police want to use the civil law as a tool in their policing, those of us who pay their salaries have the opportunity now to engage in some real reform, which is, stop the indemnification of cops, stop the free lawyers for the police, stop the qualified immunity for the police --and well see how that works out for them.
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Translations for Indemnification
From our Multilingual Translation Dictionary
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"Indemnification." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/Indemnification>.
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