indemnify
verb
in·dem·ni·fy
in-ˈdem-nə-ˌfī
indemnified; indemnifying
1
: to secure against hurt, loss, or damage
The policy indemnifies you against loss from theft.
2
: to make compensation to for incurred hurt, loss, or damage
… the federal government would indemnify the university for any judgments against it.—
Thomas E. Baker
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Merriam-Webster unabridged




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