Indemnify Definition

ĭn-dĕmnə-fī
indemnified, indemnifies, indemnifying
verb
indemnified, indemnifies, indemnifying
To protect against or keep free from loss, damage, etc.; insure.
Webster's New World
To repay for what has been lost or damaged; compensate for a loss, etc.; reimburse.
Webster's New World
To redeem or make good (a loss)
Webster's New World
To promise to make good another’s financial loss or liability resulting from a particular event or contingency.
Webster's New World Law
The definition of indemnify is to protect against loss, injury or damage or to pay someone for a loss they suffered.
An example of indemnify is when your insurance provider pays you for the repair of damage to your car.
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other
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

Origin of Indemnify

  • Latin indemnis uninjured (in- not in–1) (damnum harm, damage entailing liability) –fy

    From American Heritage Dictionary of the English Language, 5th Edition

  • From Latin indemnis (“ unhurt”), from in- (“not”) + damnum (“hurt, damage”). Compare damn, damnify.

    From Wiktionary

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