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indemnification

/ɪnˌdɛmnɪfɪˈkeɪʃən/ /ənˌdɛmnəfəˈkeɪʃən/

Meanings
noun
The act or process of indemnifying, preserving, or securing against loss, damage, or penalty.

Examples :

"The rental agreement included an indemnification clause, protecting the landlord from liability if a tenant was injured on the property. "
law business finance insurance

Related Words

Illustration protecting

protecting verb

/pɹəˈtɛktɪŋ/

To keep safe; to defend; to guard; to prevent harm coming to.

"Condoms are designed to protect against sexually-transmitted diseases."

Illustration preserving

preserving verb

/prɪˈzɜːrvɪŋ/ /priˈzɜːrvɪŋ/

To protect; to keep from harm or injury.

"Every people have the right to preserve its identity and culture."

Illustration indemnifies

indemnifies verb

/ɪnˈdɛmnɪfaɪz/

To secure against loss or damage; to insure.

"The company's insurance policy indemnifies employees against losses from work-related accidents. "

Illustration insurance

insurance noun

/ɪn.ˈʃɔː.ɹəns/ /ɪn.ˈʃɝ.əns/

A means of indemnity against a future occurrence of an uncertain event.

"The car was totalled, but fortunately I had insurance."

Illustration indemnity

indemnity noun

/ɪnˈdɛmnɪti/

Security from damage, loss, or penalty.

"The insurance policy provided an indemnity for any damage to the school's new roof. "

Illustration liability

liability noun

/laɪəˈbɪlɪti/

An obligation, debt or responsibility owed to someone.

"The student's late submission created a significant liability for completing the project on time. "

Illustration indemnifying

indemnifying verb

/ɪnˈdɛmnɪˌfaɪɪŋ/

To secure against loss or damage; to insure.

"The company is indemnifying its employees against any legal costs incurred while performing their job duties. "

Illustration reimbursement

reimbursement noun

/ˌɹiː.ɪmˈbɜːs.mənt/

The act of compensating someone for an expense.

"The company offered a reimbursement for the travel expenses to the conference. "

Illustration indemnified

indemnified verb

/ɪnˈdɛmnɪfaɪd/

To secure against loss or damage; to insure.

"The company indemnified its delivery drivers against damage to their personal vehicles while they are working. "

Illustration collision

collision noun

/kəˈlɪʒən/

An instance of colliding.

"The minor collision in the school parking lot caused a small dent in the car's bumper. "

Illustration agreement

agreement noun

/əˈɡɹiːmənt/

An understanding between entities to follow a specific course of conduct.

"to enter an agreement;  the UK and US negotiators nearing agreement;  he nodded his agreement."

Illustration homeowner

homeowner noun

/ˈhoʊmoʊnər/ /ˈhoʊməʊnər/

Someone who owns a house

"The homeowner painted the front door a cheerful shade of blue. "