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English definition of “indemnify”

indemnify

verb [T]     /ɪnˈdemnɪfaɪ/
INSURANCE, LAW to pay someone for loss or damage that they have suffered , or to formally promise to do this: idemnify sb against sth The insurer will indemnify the policyholder against loss of or damage to the motor car .idemnify sb for sth The victim was indemnified for lost income . The customer shall fully indemnify the company against any costs or expenses .
LAW to protect someone from having legal responsibility for something: idemnify sb against sth Directors cannot be indemnified against liability for negligence .
indemnification noun [C or U]
(Definition of indemnify verb from the Cambridge Business English Dictionary © Cambridge University Press)
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