indemnify

[inˈdemnəˌfī]

indemnify Definition

• 1. compensate (someone) for harm or loss
• 2. secure (someone) against legal liability for their actions

Using indemnify: Examples

Take a moment to familiarize yourself with how "indemnify" can be used in various situations through the following examples!

• Example

  The insurance company will indemnify you for the damages.

• Example

  The contract requires the contractor to indemnify the client against any legal action.

• Example

  The government agreed to indemnify the victims of the disaster.

• Example

  The company will indemnify its employees against any legal claims.

indemnify Synonyms and Antonyms

Synonyms for indemnify

• reimburse
• compensate
• remunerate
• repay
• recompense

Antonyms for indemnify

• harm
• injure
• damage

Phrases with indemnify

• indemnity clause

  a contractual provision that requires one party to compensate the other for specified types of losses or damages

  Example

  The contract includes an indemnity clause that protects the client from any legal action.

• indemnity insurance

  an insurance policy that provides protection against financial losses resulting from legal claims

  Example

  The company purchased indemnity insurance to protect itself from any legal claims.

• indemnity bond

  a type of surety bond that guarantees compensation to the obligee if the principal fails to perform their duties

  Example

  The contractor provided an indemnity bond to guarantee the completion of the project.

Origins of indemnify

from Latin 'indemnus', meaning 'unhurt'

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Summary: indemnify in Brief

'Indemnify' [inˈdemnəˌfī] means to compensate someone for harm or loss, or to secure them against legal liability. It is often used in legal and financial contexts, such as 'The contract requires the contractor to indemnify the client against any legal action.' Other phrases include 'indemnity clause,' 'indemnity insurance,' and 'indemnity bond.' Synonyms include 'reimburse' and 'compensate.'