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- INDEMNIFY Definition Meaning - Merriam-Webster
The meaning of INDEMNIFY is to secure against hurt, loss, or damage How to use indemnify in a sentence Synonym Discussion of Indemnify
- INDEMNIFY | English meaning - Cambridge Dictionary
INDEMNIFY definition: 1 to pay or promise to pay someone an amount of money if they suffer damage or loss: 2 to… Learn more
- indemnify | Wex | US Law | LII Legal Information Institute
To indemnify, also known as indemnity or indemnification, means compensating a person for damages or losses they have incurred or will incur related to a specified accident, incident, or event Typically, parties make a written agreement in which one party (indemnitor) promises to indemnify the other party (indemnitee) for future specified losses
- 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
- INDEMNIFY Definition Meaning - Dictionary. com
Indemnify is commonly used in legal contracts to secure protection against being sued or held responsible for an accident The noun form of indemnify is indemnity, which refers to such protection and is often used in phrases like indemnity clause
- ‘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
- 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
- INDEMNIFY definition in American English | Collins English Dictionary
To indemnify someone against something bad happening means to promise to protect them, especially financially, if it happens
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