indemnify

in·dem·ni·fy

verb \in-ˈdem-nə-ˌfī\

in·dem·ni·fiedin·dem·ni·fy·ing

Definition of INDEMNIFY

transitive verb

1

: to secure against hurt, loss, or damage

2

: to make compensation to for incurred hurt, loss, or damage

— in·dem·ni·fi·er \-ˌfī(-ə)r\ noun

Examples of INDEMNIFY

1. <the company generously indemnifies workers who are injured on the job>
2. Again, let's look at auto insurance, which indemnifies the holder against loss. If a policy-holder's car is wrecked, the insurance company sends him a check for the value of the car … —John Steele Gordon, American Heritage, May–June 1992
3. We moved quickly, and the House approved an appropriation of $60,000 to indemnify Hamilton Jordan for his legal fees. —Tip O'Neill in Man of the House, 1987
4. Likewise, the “sexagenarians law,” which freed slaves over 60 years old, required those slaves to indemnify their masters, as did nearly every act of manumission. —Shepard Foreman, New York Times Book Review, 2 Nov. 1986

Origin of INDEMNIFY

Latin indemnis unharmed, from in- + damnum damage

First Known Use: 1611

Related to INDEMNIFY

Synonyms: compensate, recompense, recoup, remunerate, requite, satisfy

Related Words: refund, reimburse, repay; redress, remedy, repair; discharge, pay, quit

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See Synonym Discussion at pay

Other Economics Terms

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

Rhymes with INDEMNIFY

acetify, acidify, ammonify, aniline dye, a priori, beatify, bourgeoisify, commodify, complexify, decalcify, decertify, declassify, demystify, denazify, desanctify, desertify, detoxify, Dioscuri, disqualify, dissatisfy, diversify, electric eye, electrify, emulsify, esterify, exemplify, facetiae, Gorno-Altay, hang out to dry, Helvetii, humidify, identify, intensify, money supply, objectify, personify, preoccupy, reliquiae, revivify, rigidify, sacrifice fly, saponify, see eye to eye, solemnify, solidify, syllabify, transmogrify, turn a blind eye, undersupply, vox populi, water supply