indemnification

indemnification
   Compensatory payment made by one person (e.g., an employer) to another (e.g., an employee) to make up for a loss suffered by the latter in the performance of a job.

Business law dictionary. 2015.

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Synonyms:
, (against loss, injury, or penalty) / (for loss or injury), , , ,


Look at other dictionaries:

  • indemnification — in·dem·ni·fi·ca·tion /in ˌdem ni fə kā shən/ n 1 a: the action of indemnifying b: the condition of being indemnified 2: indemnity (2b) Merriam Webster’s Dictionary of Law. Merriam W …   Law dictionary

  • Indemnification — In*dem ni*fi*ca tion, n. 1. The act or process of indemnifying, preserving, or securing against loss, damage, or penalty; reimbursement of loss, damage, or penalty; the state of being indemnified. [1913 Webster] Indemnification is capable of some …   The Collaborative International Dictionary of English

  • indemnification — (n.) 1732, noun of action from INDEMNIFY (Cf. indemnify) …   Etymology dictionary

  • indemnification — [in dem΄ni fi kā′shən] n. 1. an indemnifying or being indemnified 2. something that indemnifies; recompense SYN. REPARATION …   English World dictionary

  • indemnification — indemnify in‧dem‧ni‧fy [ɪnˈdemnfaɪ] verb indemnified PTandPP 1. [intransitive, transitive] LAW to promise to pay for a financial loss that a person or organization may have: • You can be indemnified against claims for professional negligence,… …   Financial and business terms

  • indemnification — n. to pay indemnification for * * * [ɪnˌdemnɪfɪ keɪʃ(ə)n] to pay indemnification for …   Combinatory dictionary

  • indemnification — indemnify ► VERB (indemnifies, indemnified) 1) compensate (someone) for harm or loss. 2) secure (someone) against legal responsibility for their actions. DERIVATIVES indemnification noun indemnifier noun …   English terms dictionary

  • Indemnification Method — A technique for calculating termination payments when a swap is ended early. The indemnification method requires the responsible counterparty to compensate the nonresponsible counterparty for all losses and damages caused by the early termination …   Investment dictionary

  • indemnification agreement — An agreement in which the borrower promises to protect the bank or reimburse the bank for any damages, claims, costs, penalties, or liabilities that may arise from some problem. For example, the bank may obtain an indemnification agreement to… …   Financial and business terms

  • indemnification — noun Date: 1732 1. a. the action of indemnifying b. the condition of being indemnified 2. indemnity 2b …   New Collegiate Dictionary

  • indemnification — indemnificatory /in dem nif euh keuh tawr ee, tohr ee/, adj. /in dem neuh fi kay sheuhn/, n. 1. the act of indemnifying; state of being indemnified. 2. something that serves to indemnify; compensation. [1725 35; INDEMNI(TY) + FICATION] Syn. 2.… …   Universalium

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