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a. The act of indemnifying.
b. The condition of being indemnified.
2. Something that indemnifies; a compensation for loss.
in•dem•ni•fi•ca•tion(ɪnˌdɛm nə fɪˈkeɪ ʃən)
1. the act of indemnifying or the state of being indemnified.
2. something that serves to indemnify.
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|Noun||1.||indemnification - a sum of money paid in compensation for loss or injury|
compensation - something (such as money) given or received as payment or reparation (as for a service or loss or injury)
relief - (law) redress awarded by a court; "was the relief supposed to be protection from future harm or compensation for past injury?"
actual damages, compensatory damages, general damages - (law) compensation for losses that can readily be proven to have occurred and for which the injured party has the right to be compensated
nominal damages - (law) a trivial sum (usually $1.00) awarded as recognition that a legal injury was sustained (as for technical violations of a contract)
exemplary damages, punitive damages, smart money - (law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct)
|2.||indemnification - an act of compensation for actual loss or damage or for trouble and annoyance|