Indemnify – to compensate or reimburse a person for a past or future loss or damage caused by one’s own or a third party’s act or default

indemnify:
vb. (17c)

1. To reimburse (another) for a loss suffered because of a third party’s or one’s own act or default; HOLD HARMLESS.

2. To promise to reimburse (another) for such a loss.

3. To give (another) security against such a loss. indemnifiable, adj. [1]

1. To save harmless; to secure against future loss or damage; to give indemnity.   To recompense for a past loss.  27 Am J1st Indem § 2. [2]

1. To compensate or reimburse a person for loss or damage. 

2. To promise to compensate or reimburse in the event of future loss or damage.
     See hold harmless; save harmless. [3]

indemnification:
n. (18c)

1. The action of compensating for loss or damage sustained.

2. The compensation so made.indemnificatory, adj. [1]

1. The act of indemnifying; being indemnified.  Payment made by way of compensation for a loss suffered. [2]

1. The act of indemnifying or being indemnified.

2. Payment made by way of compensation for a loss. [3]

References:

Disclaimer: All material throughout this website is compiled in accordance with Fair Use.

[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black & Editor in Chief Bryan A. Garner. ISBN: 978-0-314-62130-6

[2]: Ballantine’s Law Dictionary with Pronunciations
Third Edition
 by James A. Ballantine (James Arthur 1871-1949).  Edited by William S. Anderson.  © 1969 by THE LAWYER’S CO-OPERATIVE PUBLISHING COMPANY.  Library of Congress Catalog Card No. 68-30931

[3]: Ballantine’s Law Dictionary Legal Assistant Edition
by Jack Ballantine 
(James Arthur 1871-1949).  Doctored by Jack G. Handler, J.D. © 1994 Delmar by Thomson Learning.  ISBN 0-8273-4874-6.

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