indemnification

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Related to indemnifications: indemnified

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 ?
There's the article of remunerations and indemnifications to be discussed and set to rights.
Soon after, Blue Shield was born creating similar indemnifications for physician's fees.
Brazil's GOL airline has said that it has contacted the families of the passengers and crew of Flight 1907 to provide them with information on the procedures that will be adopted over the next few days in connection with monetary indemnifications.
That is such a broad and vague provision that it could include acts for which the owner has agreed to indemnify the manager, and the resulting ambiguity might make both indemnifications unenforceable.
NUMEROUS "TRANSACTIONAL structures" and legal provisions, including piecemeal sale of assets, indemnifications or purchase of property at a discount may signal environmental concerns and lead the auditor to make appropriate inquiry of the client.
Increased usage of intercompany guarantees that raises the potential liquidity requirements at Fairfax to fund either direct indemnifications or support subsidiary indemnifications;
9 /PRNewswire-FirstCall/ -- GOL reports that it has contacted the families of the passengers and crew of Flight 1907 to provide them with information on the procedures that will be adopted over the next few days in connection with monetary indemnifications.
Its Model Services Agreement is an alternative form that can be used in states with laws and/or regulations that restrict indemnifications.
We believe the negotiated settlement is sufficient to cover future liabilities related to these indemnifications, and it provides the partnership with greater control of all indemnity related issues.
Eliminating rote demands that lenders buy back or repurchase performing loans with minor defects; -- Creating specific standards of materiality for errors in loans that clearly distinguish between fatal and minor flaws; -- Working with the lending industry to boost lender guarantees against loan defaults or indemnifications, with a goal of significantly reducing repurchase demands within the next 3 years.