in·dem·ni·fi·ca·tion /in-ˌdem-ni-fə-'kā-shən/ n
1 a: the action of indemnifying
b: the condition of being indemnified
Merriam-Webster’s Dictionary of Law.
amends, compensation, indemnity, monetary remuneration, payment, recompense, redemption, reimbursement, remuneration, reparation, repayment, requital, requitement, restitution, restoration, return, satisfaction
collection (payment), compensation, consideration (recompense), damages, expiation, indemnity, insurance, payment (remittance), recompense, recovery (award), redemption, refund, reimbursement, relief (legal redress), remuneration, rendition (restoration), requital, restitution, retribution, reward, satisfaction (discharge of debt), trover
Burton's Legal Thesaurus.
William C. Burton.
Generally, an undertaking by one party to reimburse the other party or pay them directly for certain costs and expenses. In an acquisition context, a purchase agreement often provides that a party will indemnify the other against costs incurred by it in connection with a breach of representation or warranty by the indemnifying party.
Practical Law Dictionary. Glossary of UK, US and international legal terms.
Look at other dictionaries:
Indemnification — In*dem ni*fi*ca tion, n. 1. 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. [1913 Webster] Indemnification is capable of some … The Collaborative International Dictionary of English
indemnification — (n.) 1732, noun of action from INDEMNIFY (Cf. indemnify) … Etymology dictionary
indemnification — [in dem΄ni fi kā′shən] n. 1. an indemnifying or being indemnified 2. something that indemnifies; recompense SYN. REPARATION … English World dictionary
indemnification — indemnify in‧dem‧ni‧fy [ɪnˈdemnfaɪ] verb indemnified PTandPP 1. [intransitive, transitive] LAW to promise to pay for a financial loss that a person or organization may have: • You can be indemnified against claims for professional negligence,… … Financial and business terms
indemnification — n. to pay indemnification for * * * [ɪnˌdemnɪfɪ keɪʃ(ə)n] to pay indemnification for … Combinatory dictionary
indemnification — indemnify ► VERB (indemnifies, indemnified) 1) compensate (someone) for harm or loss. 2) secure (someone) against legal responsibility for their actions. DERIVATIVES indemnification noun indemnifier noun … English terms dictionary
Indemnification Method — A technique for calculating termination payments when a swap is ended early. The indemnification method requires the responsible counterparty to compensate the nonresponsible counterparty for all losses and damages caused by the early termination … Investment dictionary
indemnification agreement — An agreement in which the borrower promises to protect the bank or reimburse the bank for any damages, claims, costs, penalties, or liabilities that may arise from some problem. For example, the bank may obtain an indemnification agreement to… … Financial and business terms
indemnification — noun Date: 1732 1. a. the action of indemnifying b. the condition of being indemnified 2. indemnity 2b … New Collegiate Dictionary
indemnification — indemnificatory /in dem nif euh keuh tawr ee, tohr ee/, adj. /in dem neuh fi kay sheuhn/, n. 1. the act of indemnifying; state of being indemnified. 2. something that serves to indemnify; compensation. [1725 35; INDEMNI(TY) + FICATION] Syn. 2.… … Universalium