Indemnifying - definition of indemnifying by The Free Dictionary 1 insure, protect, guarantee, secure, endorse, underwrite They agreed to indemnify the taxpayers against any loss 2 compensate, pay, reimburse, satisfy, repair, repay, requite, remunerate They don't have the money to indemnify everybody
Indemnify Examples, Processes - Legal Dictionary To protect someone, or some entity, from loss, damages, or injury that may occur in the future To compensate someone, or some entity, for loss, damages, or injury Origin 1605-1615 Latin indemni
indemnify | Wex | US Law | LII Legal Information Institute Typically, parties make a written agreement in which one party (indemnitor) promises to indemnify the other party (indemnitee) for future specified losses The more common form of an indemnification agreement is the insurance policy
INDEMNIFY definition and meaning | Collins English Dictionary To indemnify someone against something bad happening means to promise to protect them, especially financially, if it happens They agreed to indemnify the taxpayers against any loss [VERB noun + against] The printers were indemnified against legal action [V n against n] It doesn't have the money to indemnify everybody [VERB noun]
What is Indemnification? Indemnification Clauses Explained - OFlaherty Law Indemnification clauses, also known as indemnity agreements, are contractual promises in which one party commits to compensating another for any losses incurred These serve as a protective measure that addresses uncertainties and potential risks associated with the contract
‘Indemnify, Defend, and Hold Harmless’: What Does It Really Mean? Indemnification serves as a risk allocation mechanism derived originally from insurance law Each term—“indemnify,” “defend,” and “hold harmless”—has a distinct and important role in an indemnity clause, so it is important to understand the nuances and differences among the three terms