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indemnification Definition

in·dem·ni·fi·ca·tion (in dem′ni fi kās̸hən)

noun

  1. an indemnifying or being indemnified
  2. something that indemnifies; recompense

indemnification Usage Examples

Converse of object

  • seek: WIS will notify you promptly of any claim for which WIS seeks indemnification at the currently supplied address.
  • require: The Act requires any indemnification to be disclosed in the company's accounts.
  • provide: The Treasury had agreed to provide more extensive indemnification for members of boards of NDPBs.

Adjective modifier

  • corporate: What is the liability exposure and is there any corporate indemnification ( and insurance )?
  • full: Getty Images backs all imagery included in Creative Express with model and property releases, full indemnification and superior technical quality.

Modifies a noun

  • obligation: This indemnification obligation will survive the termination or expiration of this Agreement.
  • provision: Indemnification provisions protect parties against potential third party claims that may arise out during the performance of a contractual relationship.
  • agreement: Shareholders will also have the right to inspect any indemnification agreement.
  • policy: You have to pay a fee ( usually about 2 % of the present value of the shares ) for the indemnification policy.

Noun used with modifier

  • shareholder: Shareholder indemnification qualifies in most situations other than situations involving fraud.

Preposition: of

  • nominee: A nominee service agreement which provides for the indemnification of the nominees.
  • director: The new position The provisions of CAICE which relate to the indemnification of directors come into force on 6 April 2005.

Preposition: under

  • benefit: Indemnification under this benefit is to be paid to the legal representative(s ) of the Insured.