The meaning of INDEMNIFICATION is the action of indemnifying.

Indemnifications in legal terms are contractual provisions where one or both parties agree to compensate the other for any harm or loss resulting from damages caused by a third party. …

To indemnify, also known as indemnity or indemnification, means compensating a person for damages or losses they have incurred or will incur related to a specified accident, incident, or event.

Sep 13, 2024 · In the business world, indemnification is a safety net, providing parties with financial protection from loss or damages that result from another’s actions. This often leads to more desirable …

What does indemnification mean? Indemnification is the act of providing protection or security against potential damages or loss or compensating someone for damages or money spent.

INDEMNIFICATION definition: 1. the act of paying or promising to pay someone an amount of money if they suffer damage or loss…. Learn more.

Indemnification is about compensating someone for losses, while liability refers to being legally responsible for those losses. In other words, if you are liable, you may have to pay damages, but …

Jul 15, 2025 · What Does It Mean to Indemnify Someone? Indemnification is a contractual promise to cover another's financial harm. Understand how this key legal tool is used to manage and transfer risk.

INDEMNIFY meaning: 1 : to protect (someone) by promising to pay for the cost of possible future damage, loss, or injury; 2 : to give (someone) money or another kind of payment for some damage, …

Apr 10, 2025 · An indemnity involves one party paying a specific form of loss directly to the other. Therefore, an indemnity is a primary obligation, while a guarantee is a secondary obligation.