indemnify

/in'demnifai/
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Thân thiện
indemnify

The company will indemnify the client for any financial losses.

Definition
  1. Verb:
    • To compensate someone for harm or loss: To provide payment or reparation to someone for damage, injury, or financial loss they have suffered.
    • To secure or protect against potential future loss or damage: To provide security or insurance against a possible future risk or liability.
Examples of Usage
  • Verb (Compensate):
    • The company agreed to indemnify its customers for any damages caused by the defective product.
    • The treaty required the defeated nation to indemnify the victors for the costs of the war.
  • Verb (Secure/Protect):
    • The contract indemnifies the landlord against any legal claims from tenants.
    • This insurance policy will indemnify you in case of theft.
Advanced Usage
  • Legal and Contractual Context: "Indemnify" is frequently used in legal, insurance, and business contracts to establish liability and protection.
    • The clause indemnifies all parties from liability arising from third-party actions.
  • Formal/Financial Context: Often used in formal contexts involving financial restitution or guarantees.
    • The fund was created to indemnify victims of the fraud scheme.
Variants and Related Words
  • Indemnity (n): Security or protection against a loss or other financial burden; a sum of money paid as compensation.
    • He received an indemnity for the damaged property.
  • Indemnification (n): The action of compensating for loss or damage; the state of being protected from loss or penalty.
    • They sought indemnification for their business losses.
Synonyms
  • Compensate: To give someone money or something else of value to make up for a loss.
  • Reimburse: To pay back money to someone who has spent it or lost it.
  • Secure: To protect or make safe against potential harm.
  • Protect: To keep safe from harm, loss, or damage.
Related Phrasal Verbs / Constructions

(Note: "Indemnify" is a formal verb and is not typically used in phrasal verb constructions. Its usage is direct, often followed by prepositions like "for," "against," or "from.") - Indemnify someone for something: To compensate someone for a specific loss. - They indemnified him for the medical expenses. - Indemnify someone against/from something: To protect someone from a specific risk or liability. - The agreement indemnifies the company from future lawsuits.

Related Idioms

(Note: There are no common idioms centered solely on the word "indemnify." Its usage is primarily technical and formal.)

indemnify

The company will indemnify the client for any financial losses.

Verb
  1. make amends for; pay compensation for
    • One can never fully repair the suffering and losses of the Jews in the Third Reich
    • She was compensated for the loss of her arm in the accident
  2. secure against future loss, damage, or liability; give security for
    • This plan indemnifies workers against wages lost through illness

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