indemnification

noun
UK: /ɪnˌdem.nɪ.fɪˈkeɪ.ʃən/
US: /ɪnˌdem.nɪ.fɪˈkeɪ.ʃən/

  1. The act of protecting someone against possible damage or loss.

    1. The company offered indemnification to its clients after the data breach.
    2. Our contract includes indemnification clauses to protect us from legal liabilities arising from third-party actions.

  2. Payment for damage or loss.

    1. He received indemnification for the damage to his car.
    2. The insurance company provided indemnification for the losses incurred due to the flood damage to the property.

Synonyms

compensation security guarantee protection
indemnification verb

  1. To secure someone against legal responsibility for their actions.

    1. The agreement will indemnify him.
    2. The insurance policy will indemnify you against claims arising from the accident so you don't need to worry.

Frequently Asked Questions

The word "indemnification" in English means: The act of protecting someone against possible damage or loss., Payment for damage or loss..

The phonetic transcription of "indemnification" is /ɪnˌdem.nɪ.fɪˈkeɪ.ʃən/ in British English and /ɪnˌdem.nɪ.fɪˈkeɪ.ʃən/ in American English. Click the 🔊 button to hear both pronunciations.

Synonyms for "indemnification": compensation, security, guarantee, protection.

Example usage of "indemnification": "The company offered indemnification to its clients after the data breach.". More examples on the page.