indemnify

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indemnify

[indem′nifī]
to protect against loss or injury by compensating for the loss or injury.

indemnify

verb To make good a loss.

indemnify

(ĭn-dĕm′nĭ-fī″) [L. indemnis, without loss]
1. To protect the interests of another party against losses.
2. To compensate another party for expenses incurred, as when a policy holder is indemnified by an insurance company.
References in periodicals archive ?
com), Return Assured has developed a proprietary B2C and B2B value-added "Return Seal of Approval" for the electronic retail community that vets retailers with high standards and then indemnifies the consumer with a "no-hassle" guarantee in support of that particular retailer's return and customer service policy.
The coverage indemnifies insureds for damages or losses in excess of their subcontractor's available insurance or a self-insured retention (SIR), whichever is greater.
The insurer indemnifies the trustee for each series, LaSalle Bank National Association, for the benefit of the noteholders for any periodic loss with respect to each payment date.