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indemnify Definition

in·dem·nify (in dem′ni fī′)

transitive verb -·fied′, -·fy′·ing

  1. to protect against or keep free from loss, damage, etc.; insure
    1. to repay for what has been lost or damaged; compensate for a loss, etc.; reimburse
    2. to redeem or make good (a loss)

Etymology: < L indemnis, unhurt < in-, not + damnum, hurt, harm, damage (see damn) + -fy

indemnify Related Forms

in·dem′·ni·fi′er noun

indemnify Synonyms

indemnify

v.

  1. To repay

    return, remit, reimburse; see pay 1, repay 1.

  2. To answer for

    register, assure, insure; see guarantee 1, 2. See syn. study at pay.

indemnify Finance Definition

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.

indemnify Law Definition

v

To promise to make good another’s financial loss or liability resulting from a particular event or contingency.

indemnify Usage Examples

Preposition: for

cost: A receiver and manager is not indemnified for the cost of legal advice in relation to their own personal position.

Object

  • publisher: The Advertiser shall indemnify the Publisher against any claims brought by third parties in relation to the use of the material by the Publisher.
  • trustee: The first, a rule change to indemnify the trustees against personal liability, was passed unanimously ( except for Frank!
  • director: Companies that do not indemnify directors will not have to make any disclosure.
  • company: Failure to comply with this request will indemnify the Company from the payment of any compensation.
  • customer: Wizards Ltd accepts neither responsibility nor liability nor will it indemnify the Customer for any such charges incurred.
  • owner: The advertiser agrees to indemnify Owners Direct against all claims costs arising out of any misleading information in the advertisement.

Preposition: against

  • liability: Extent of Indemnity The policy indemnifies against the liability to pay damages for death, bodily injury or damage to property.
  • claim: Cyclists will be indemnified against any third party claim for damages where legal liability can be established.
  • cost: Remuneration should be fixed so as to reward value, not so as to indemnify against cost.
  • risk: The trustees shall be indemnified against risk and expense out of the property of the Club.
  • breach: The Agent shall indemnify and keep the University indemnified against any breach of the Act.
  • consequence: What no policy can do is indemnify against the consequence of the prosecution: it cannot pay the fine.

Modifying Another Word

  • fully: You shall fully indemnify the ESRC for any loss or damage suffered by ESRC for breach of this section.
  • also: You also indemnify us against all legal fees, damages and other expenses that we incur if you breach the above confirmation.
  • not: A receiver and manager is not indemnified for the cost of legal advice in relation to their own personal position.
  • only: A parent company is now restricted in its ability to indemnify not only its own directors but also directors of its subsidiaries.
  • otherwise: It will be unlawful for a union to pay their fines or otherwise indemnify them 18.

Preposition: from

liability: Sporting equipment is carried on a limited release basis and therefore the airline is indemnified from any liability for damage, loss or delay.