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

  1. damages, amends, indemnity, indemnification, restitution, redressnoun

    a sum of money paid in compensation for loss or injury

  2. indemnificationnoun

    an act of compensation for actual loss or damage or for trouble and annoyance

Wiktionary

  1. indemnificationnoun

    The act or process of indemnifying, preserving, or securing against loss, damage, or penalty.

  2. indemnificationnoun

    A reimbursement of loss, damage, or penalty.

  3. indemnificationnoun

    The state of being indemnified.

  4. indemnificationnoun

    That which indemnifies.

  5. indemnificationnoun

    indemnity

Samuel Johnson's Dictionary

  1. Indemnificationnoun

    Etymology: from indemnify.

Wikipedia

  1. 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

  1. 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

  1. 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

  2. Indemnificationnoun

    that which indemnifies

Dictionary of Nautical Terms

  1. indemnification

    A stipulated compensation for damage done.

Military Dictionary and Gazetteer

  1. indemnification

    A regulated allowance for losses sustained by officers or soldiers on actual service.

Matched Categories

How to pronounce indemnification?

How to say indemnification in sign language?

Numerology

  1. Chaldean Numerology

    The numerical value of indemnification in Chaldean Numerology is: 1

  2. Pythagorean Numerology

    The numerical value of indemnification in Pythagorean Numerology is: 1

Examples of indemnification in a Sentence

  1. Ron Kuby:

    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.

Popularity rank by frequency of use

indemnification#10000#29782#100000

Translations for indemnification

From our Multilingual Translation Dictionary

  • αποζημίωσηGreek
  • suojaaminen, turvaaminen, takaaminen, turva, korvaus, vakuuttaminen, suojaFinnish
  • dédommagementFrench
  • leorchúiteamhIrish
  • שיפויHebrew

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"indemnification." Definitions.net. STANDS4 LLC, 2024. Web. 29 Mar. 2024. <https://www.definitions.net/definition/indemnification>.

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    a medicinal liquid that is rubbed into the skin to relieve muscular stiffness and pain
    A sapling
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