indemnify


in·dem·ni·fy

transitive verb \in-ˈdem-nə-ˌfī\

: to protect (someone) by promising to pay for the cost of possible future damage, loss, or injury

: to give (someone) money or another kind of payment for some damage, loss, or injury

in·dem·ni·fiedin·dem·ni·fy·ing

Full Definition of INDEMNIFY

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

Origin of INDEMNIFY

Latin indemnis unharmed, from in- + damnum damage
First Known Use: 1611

Related to INDEMNIFY

Other Economics Terms

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

Browse

Next Word in the Dictionary: indemnitee
Previous Word in the Dictionary: indemnificatory
All Words Near: indemnify

Seen & Heard

What made you want to look up indemnify? Please tell us where you read or heard it (including the quote, if possible).

Get Our Free Apps
Voice Search, Favorites,
Word of the Day, and More
Join Us on FB & Twitter
Get the Word of the Day and More