Indemnify Examples, Processes - Legal Dictionary 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 Verb
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 - Definition, Meaning Synonyms | Vocabulary. com To pay compensation for a loss, damages, or similar expense is to indemnify "The insurance company indemnified its customers for their claims after the severe storm — one customer lost three cars, a row boat, and a golf cart " The verb indemnify also means to secure against future loss
What Does Indemnification Mean in Contract Law? | LegalMatch Indemnification, also called indemnity, is an implementation by one party (the indemnifying party) to pay the other party (the indemnified party) for specific expenditures and costs, generally originating from third-party lawsuits
Indemnification: Understanding an Indemnification Clause - Contract Lawyers Indemnification in contracts is essential to protecting your business from negligent third parties An indemnification clause ensures that you don’t face civil damages in several legal situations In this article, we discuss indemnification, how it works in legal contracts, different types of indemnification, examples, and more
What does indemnifying mean? - Definitions. net Definition of indemnifying in the Definitions net dictionary Meaning of indemnifying What does indemnifying mean? Information and translations of indemnifying in the most comprehensive dictionary definitions resource on the web