indemnification


in·dem·ni·fi·ca·tion

noun \in-ˌdem-nə-fə-ˈkā-shən\

Definition of INDEMNIFICATION

1
a :  the action of indemnifying
b :  the condition of being indemnified
2
:  indemnity 2b

Examples of INDEMNIFICATION

  1. <that insurance company is known to be slow when processing claims for indemnification>

First Known Use of INDEMNIFICATION

1732

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

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