indemnification
2
8.8
- noun
- /ɪnˌdɛm.nɪ.fɪˈkeɪ.ʃən/
- Formal
:
indemnización
- After the accident, the insurance policy provided full indemnification for any damages incurred.
- indemnification contract
- indemnification for victims
- indemnification provision
Examples
-
The most readily available risk-sharing mechanism in the field of solid waste management is the indemnification contract.
Academic text (1999) -
The following is a description of three of these: bonds, insurance, and express indemnification agreements.
Academic text (1999) -
Although that still remains a valuable objective, the complete indemnification of the defense seems like an unfair trade-off.
Blog text (29) -
Equitable justice entails indemnification for victims.
Academic text (2006) -
However, some pharmaceutical industry representatives are skeptical, and they worry that indemnification doesn't provide the kind of protection they need.
Academic text (2003) -
Indemnification of damage and losses emanating from insured perils and risks is the very essence of marine insurance.
Academic text (2016) -
Membership in MRC provides indemnification under General Municipal Law section 50-K against malpractice for all activities with MRC.
Blog text (13) -
The company offered financial indemnification to employees who suffered losses due to the recent disaster.
-
The contract included an indemnification clause to ensure that any losses would be compensated adequately.
Synonyms
214
3.6
Money given to pay someone for work and to make up for loss or injury
49
4.0
Money paid back to someone for costs they paid
38
6.9
Giving back something lost or paying money for damage
26
8.4
Money a defeated country pays another for war damage
15
7.6
An action or money that corrects a wrong
8
7.7
Money given to make up for loss, harm, or effort
5
6.3
Money paid to someone for a real loss or injury caused by another
1
8.0
Money paid to make up for loss, damage or injury
1
3.9
An amount of money paid to someone for loss or injury
1
8.2
Something, usually money, given to reward effort or to make up for loss
Actions or money given to make up for harm someone caused
How Much
Surface Forms
Morphology
Etymology
Indemnification comes from Latin parts in- ('not') and damnum ('damage'), and you can see the same root in the English word damage. So indemnification is a payment that makes someone 'not damaged' after a loss, in other words money to cover the harm.