indemnification
/ɪnˌdɛmnɪfɪˈkeɪʃən/
noun
- The act of compensating someone for harm, loss, or damage; the payment made as such compensation.
- The contract included a clause for indemnification in case of a lawsuit.
- After the accident, the company sought indemnification from the contractor.
- The insurance policy provided indemnification for any damage to the car.
- Legal protection against future loss or liability.
- The indemnification agreement shielded the volunteers from personal liability.
- The landlord required indemnification from the tenant for any property damage.
- He demanded indemnification before agreeing to take on the risky project.