indemnify

(redirected from indemnified)
Also found in: Dictionary, Thesaurus, Medical, Financial, Encyclopedia.
Related to indemnified: indemnification, indemnity

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 ?
The payment of an indemnified liability is offset by an indemnification payment from the seller.
Other courts have held that an individual could be indemnified for losses arising from acts committed before the individual became an officer of the corporation.
Describe the types of losses and damages covered (what the association will be indemnified for).
The CoRE Network tests, documents and validates open source distributions, transforming them from popular open source projects to production-ready, indemnified solutions instrumented for enterprise deployment.
This indemnity shall be effective regardless of whether the claim or loss is caused in some part by a party to be indemnified.
Additionally, customers are indemnified from IPR infringement suites, as the product is developed entirely in-house, a great advantage over opting open sources," he added.
Innophos believes the Company is indemnified against these claims under the terms of the sale agreement with Rhodia S.
total debt and contingent liabilities of AUGB, excluding any liabilities that may be indemnified against in a manner satisfactory to Southern Gas, shall not exceed $100,000; and
Donnelley Corporation (NYSE: RHD) tax matters, as disclosed in the legal proceedings footnote within our 2003 Form 10-K filing, while RHD is technically the taxpayer in certain IRS proceedings regarding historical Dun & Bradstreet tax practices, RHD is contractually indemnified for 100% of any tax liability the IRS may assess.
In addition, B&W will be indemnified by RJRT for historical and prospective litigation relating to its U.