indemnify

(redirected from indemnifies)
Also found in: Dictionary, Thesaurus, Medical, Financial, Encyclopedia.

Indemnify

To compensate for loss or damage; to provide security for financial reimbursement to an individual in case of a specified loss incurred by the person.

Insurance companies indemnify their policyholders against damage caused by such things as fire, theft, and flooding, which are specified by the terms of the contract between the company and the insured.

indemnify

v. to guarantee against any loss which another might suffer. Example: two parties settle a dispute over a contract, and one of them may agree to pay any claims which may arise from the contract, holding the other harmless. (See: hold harmless)

indemnify

verb answer for, compensate, compennate for injury, compensate for loss, compensate for loss sustained, damnum restituere, damnum sarcire, give back, give satisfaction, grant monetary compensation, insure, make good, make good against anticipated loss, make reparation, make restitution, make up, offer compensation, offer reparation, offer satisfaction, pay, pay back, pay compensation, pay reparations, recompense, recompense for past loss, redeem, refund, reimburse, repay, requite, restore, return money paid out, save harmless, secure against damage, secure against loss
Associated concepts: subrogate
See also: bear the expense, compensate, defray, outbalance, pay, quit, recoup, refund, reimburse, remedy, remunerate, repay, restore, return

indemnify

to be liable under an INDEMNITY or as if so.
References in periodicals archive ?
Teva is the sole distributor of Ranbaxy's product pursuant to a supply and distribution agreement entered into by the two companies whereby Ranbaxy fully indemnifies Teva for all patent infringement claims related to Ranbaxy's Quinapril Tablets.
The coverage indemnifies insureds for damages or losses in excess of their subcontractor's available insurance or a self-insured retention (SIR), whichever is greater.
The insurer indemnifies the trustee for each series, LaSalle Bank National Association, for the benefit of the noteholders for any periodic loss with respect to each payment date.