indemnification (Meaning)
indemnification (n)
a sum of money paid in compensation for loss or injury
an act of compensation for actual loss or damage or for trouble and annoyance
indemnification (n.)
The act or process of indemnifying, preserving, or securing against loss, damage, or penalty; reimbursement of loss, damage, or penalty; the state of being indemnified.
That which indemnifies.
Synonyms & Antonyms of indemnification
indemnification Sentence Examples
- The company provided indemnification to its employees for any legal liabilities incurred while performing their duties.
- The insurance policy included a provision for indemnification against third-party claims.
- The contract stipulated that the vendor would indemnify the buyer against any product defects.
- The Indemnification clause protected the investment firm from financial losses due to the negligence of its broker.
- The government granted indemnification to its contractors for potential litigation expenses related to the construction project.
- The Indemnification agreement specified the extent to which the responsible party would be held harmless from claims.
- The homeowner sought indemnification from the contractor for damages caused by a faulty electrical installation.
- The Indemnification clause in the partnership agreement allocated liability between the partners in specific situations.
- The shipper obtained indemnification from the carrier for any goods lost or damaged during transit.
- The non-profit organization secured indemnification from its volunteers for activities related to fundraising events.
FAQs About the word indemnification
a sum of money paid in compensation for loss or injury, an act of compensation for actual loss or damage or for trouble and annoyanceThe act or process of indem
compensation, reparation, indemnity,damages, recoupment, redress, recompense, reprisal(s),restitution, punishment
No antonyms found.
The company provided indemnification to its employees for any legal liabilities incurred while performing their duties.
The insurance policy included a provision for indemnification against third-party claims.
The contract stipulated that the vendor would indemnify the buyer against any product defects.
The Indemnification clause protected the investment firm from financial losses due to the negligence of its broker.
