Definition of indemnify verb from the Oxford Advanced American Dictionary

     

    indemnify

     verb
    verb
    NAmE//ɪnˈdɛmnəˌfaɪ//
     
    (law)Verb Forms present simple I / you / we / they indemnify
     
    he / she / it indemnifies
     
    past simple indemnified
     
    -ing form indemnifying
     
     
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  1. 1indemnify somebody (against something) to promise to pay someone an amount of money if they suffer any damage or loss The contract indemnifies them against loss of earnings.
  2. 2indemnify somebody (for something) to pay someone an amount of money because of the damage or loss that they have suffered The tenant is legally required to indemnify the landlord for any damage caused to the property.
indemnification
 
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NAmE//ɪnˌdɛmnəfəˈkeɪʃn//
 
noun [uncountable]
See the Oxford Advanced Learner's Dictionary entry: indemnify