Indemnification

Pronunciation: /ˌɪnˌdɛmnəfɪˈkeɪʃən/

Indemnification (noun)

  1. the act of protecting someone from financial loss or damage by paying for it.

Examples

  • The company provided indemnification for any damages incurred during the project.
  • Indemnification means getting paid for your losses.

Common collocations: seek indemnification, provide indemnification, indemnification agreement

Synonyms of Indemnification

Formal

Antonyms of Indemnification

  • — Indemnification protects against liability in legal agreements.
  • — Indemnification prevents forfeiture of rights or assets.