indemnify

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Related to indemnified: indemnification, indemnity

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 ?
As a result, there may be reporting periods in which a liability is recorded for indemnified tax exposures without recognition of a respective indemnification asset.
(30) Amounts indemnified by a corporation may include more than the costs of an unsuccessful defense; amounts paid in settlement, fines, and penalties are within the MBCA's defined category of "liability" that may be indemnified.
If the indemnification provision only indicates that the "association" must be indemnified, this language may not be sufficient to provide protection for association officers, directors, staff, and volunteers.
Grant, in its answer to the suit, denied all liability and sought to be indemnified by the Comeaus, Rooks and FDIC (as the successor in the interest to Rooks) for any amount it may be held liable for in the primary claim.
Existing commercial plants are indemnified for life and therefore wouldn't be affected, but the DOE usually contracts out for about five years, and has contracts expiring Sept.
Last week Anthony Barrett, the Assistant Auditor General for Wales, concluded that the authority should not have helped Mark James avoid paying tax on employers' pension contributions or have indemnified him in a libel counter-claim he brought against blogger Jacqui Thompson.
One question that frequently arises is whether, and to what extent, a party is entitled to be indemnified for damages caused, in whole or in part, by its own negligence.
The eight issues of bonds of 252 million euros that have so far been issued indemnified 35,000 citizens.
To the extent that a present or former director or officer of a corporation has been successful on the merits or otherwise in defense of any action, suit or proceeding referred to in subsections (a) and (b) of this section, or in defense of any claim, issue or matter therein, such person shall be indemnified against expenses (including attorneys' fees) actually and reasonably incurred by such person in connection therewith.
11 terrorist attacks and how they think terrorism risks should be indemnified.