indemnification


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in·dem·ni·fi·ca·tion

 (ĭn-dĕm′nə-fĭ-kā′shən)
n.
1.
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)

n.
1. the act of indemnifying or the state of being indemnified.
2. something that serves to indemnify.
[1725–35]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.indemnification - a sum of money paid in compensation for loss or injuryindemnification - 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)
atonement, expiation, satisfaction - compensation for a wrong; "we were unable to get satisfaction from the local store"
2.indemnification - an act of compensation for actual loss or damage or for trouble and annoyance
recompense, compensation - the act of compensating for service or loss or injury

indemnification

noun
Translations

indemnification

[ɪnˌdemnɪfɪˈkeɪʃən] Nindemnización f

indemnification

n
(= compensation)Schadensersatz m, → Entschädigung f(for für); (= sum received)Schadensersatz (→ summe f) m, → Entschädigung(ssumme) f; (for expenses) → Erstattung f (→ for +gen)
(→ gegen) (= safeguard)Absicherung f; (= insurance)Versicherung f
References in classic literature ?
He added that the sum would have been left her all the same in his will, and that therefore she must not consider the gift as in any way an indemnification to her for anything, but that there was no reason, after all, why a man should not be allowed to entertain a natural desire to lighten his conscience, etc.
If she accepted this money it was not to be considered as indemnification for her misfortune as a young girl, which had not been in any degree her own fault, but merely as compensation for her ruined life.
She owes me certainly a recompense for all I did for Anne of Austria, and an indemnification for all she has not done for me.
Your captivity shall be mild, be assured; and as every inconvenience deserves its indemnification, here is, in addition to the price of the studs, an order for a thousand pistoles, to make you forget the annoyance I cause you.
Our Order soon adopted bolder and wider views, and found out a better indemnification for our sacrifices.
Buckingham, hereupon, gave a slight start, took his right thumb out of the left corner of his mouth, and, by way of indemnification inserted his left thumb in the right corner of the aperture above-mentioned.
Without a few hours of relaxation," continued Miss Jones, "of private indemnification for the toilsome virtues displayed in public, who could wade through days of correct behaviour?
There's the article of remunerations and indemnifications to be discussed and set to rights.
Responding to the second request made by the Department of Health (DOH), Sanofi also turned down its demand for financial support and indemnification fund.
Normally, the inclusion of ADR clauses will not affect CPAs' independence; however, SEC registrants and certain other governmental regulated enterprises are precluded from including an indemnification or liability limitation provision in an engagement letter, other than one related to a knowing misrepresentation by management.
Defense and indemnification provisions are commonly requested by governmental entities, construction contractors, or entities that use a procurement or purchasing group to manage the bidding and contracting process.
Logically, for an insurance company and its representatives to be ethical, they must believe in and practice the principle of indemnification.