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indemnify definition - finance
To agree to compensate for any damage or loss. Insurance contracts may state that the policyholder will be indemnified, or restored to his or her original financial position, should a loss occur.

Indemnification agreements also may be signed by one party to protect the other party against claims from the other.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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