indemnify

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(ĭn-dĕm'nə-fī') pronunciation
tr.v., -fied, -fy·ing, -fies.
  1. To protect against damage, loss, or injury; insure.
  2. To make compensation to for damage, loss, or injury suffered.

[Latin indemnis, uninjured (in-, not; see in-1 + damnum, harm, damage entailing liability) + -FY.]

indemnifier in·dem'ni·fi'er n.

agree to compensate for damage or loss. The word is used in insurance policies promising that, in the event of a loss, the insured will be restored to the financial position that existed prior to the loss.

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1. to protect another person against loss or damage.


Example: fha mortgage loans indemnify the lender against the risk of a buyer’s default.


2. to compensate a party for loss or damage.


Example: Upon foreclosure , the FHA indemnified the lender for losses on the defaulted loan.

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verb

  1. To give compensation to: compensate, pay, recompense, redress, reimburse, remunerate, repay, requite. See pay/owe.
  2. To give a satisfactory return to: compensate, pay, recompense, remunerate, repay, requite, reward. See pay/owe.

This entry contains information applicable to United States law only.

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.

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indemnify

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pronunciation

IN BRIEF: To secure against hurt, loss, or damage.

pronunciation The contract required him to indemnify the company from any unexpected outcomes.

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Translations:

Indemnify

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Dansk (Danish)
v. tr. - sikre, erstatte, holde skadesløs, godtgøre, kompensere

Nederlands (Dutch)
schadeloosstellen, vrijwaren

Français (French)
v. tr. - garantir, assurer, indemniser, dédommager

Deutsch (German)
v. - absichern, entschädigen

Ελληνική (Greek)
v. - αποζημιώνω, προστατεύω, εξασφαλίζω ή καλύπτω κατά

Italiano (Italian)
indennizzare

Português (Portuguese)
v. - indenizar

Русский (Russian)
возмещать, застраховывать

Español (Spanish)
v. tr. - indemnizar, resarcir, compensar

Svenska (Swedish)
v. - skydda, gottgöra, hålla skadeslös

中文(简体)(Chinese (Simplified))
赔偿, 保护, 补偿

中文(繁體)(Chinese (Traditional))
v. tr. - 賠償, 保護, 補償

한국어 (Korean)
v. tr. - ~에게 배상하다, ~을 보호하다, 면책하다

日本語 (Japanese)
v. - 保護する, 法的責任を免除する, 償う, 賠償する, 弁償する

العربيه (Arabic)
‏(فعل) يؤمن ضد خطر, يعوض عن ضرر‏

עברית (Hebrew)
v. tr. - ‮ביטח, שיפה, פיצה‬


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Mentioned in

Labor and Material Bond (insurance term)
Demolition Insurance (insurance term)
Full Recourse (in banking)
Economic or Use Value (insurance term)