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.

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References in periodicals archive ?

If the above approaches are not successful and the client refuses to remove or modify the request for defense and indemnification, do not accept unlimited liability.

Deflecting clients' defense and indemnity requests

If you agree to a $500 contract that contains an uncapped indemnification clause, for example, your organization might be subject to a $10,000 or higher claim.

Credit managers should scan for risk from indemnity clauses

The indemnification issue was raised in an April 21 letter from FCCC President Joseph E.

RJA panel rejects call for lawyers to indemnify clerks

You may be better served coupling the indemnity with specific representations and warranties, the breach of which will not only give rise to the indemnification obligation but also provide a basis on which the entire contract or relationship may be terminated.

Risk management 101: protecting intellectual property through indemnification and insurance

Lastly, "Limited Form" indemnification requires indemnification only to the extent of the negligence of the other party.

Risk transfer help owners cut losses: action helps to avoid time, money spent on 'frivolous' lawsuits, other legal expenses

The amendment specifically prohibits the availability of the indemnification protection when a court determines that the indemnified party has committed 'gross negligence' with corresponding damage to the fundamental interests of the membership.

As indemnification disappears

The appraiser appealed the trial court's decision, and the issue before the Washington state appellate court was whether the appraiser's indemnification language was contractually enforceable against the credit union client.

Hazardous conditions: protect yourself by making your limiting conditions and statements more enforceable

When you purchase support and indemnification, LinuxlT's Open Source Software Indemnification Program guarantees the performance of the OSS item against an enterprise Service Level Agreement (SLA).

Open source software indemnification program

and Gallin, the property owners then moved for judgment on their cross claim for common law indemnification against Gallin.

Common law indemnification is not triggered by supervisory duties--actual supervision is required, holds court of appeal

Nevertheless, the transaction was characterized as a sale for financial accounting purposes, and Canal recorded no book liability for Canal's potential liability under the indemnification.

Did Canal Corp. sink the leveraged partnership transaction?

This indemnification shall extend to claims resulting from performance of this subcontract and shall apply only to the extent that the claim or loss is caused in whole or in part by any negligent act or omission of subcontractor or any of its agents, employees, or subcontractors.

Speaking the language of indemnity: the answer to whether an insured is on or off the hook in the event of a claim lies buried within the nuances of the indemnity clause

The amended counterclaim sought indemnification for the $1 Million that MacNeal Hospital had agreed to pay to settle the case.