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indemnification

noun

in·​dem·​ni·​fi·​ca·​tion in-ˌdem-nə-fə-ˈkā-shən How to pronounce indemnification (audio)
1
a
: the action of indemnifying
b
: the condition of being indemnified
2

Example Sentences

that insurance company is known to be slow when processing claims for indemnification
Recent Examples on the Web Some of these advisors also promise indemnification and audit support if their clients are audited by the IRS. Daniel Mayo, Forbes, 21 June 2022 In addition to requiring signoff from governments, Teva said its settlement depends on drugmaker AbbVie Inc. reaching its own national opioid agreement and also an indemnification deal with Teva on dividing up the liabilities. Erin Mulvaney, WSJ, 27 July 2022 The agreements include a broad indemnification provision that the insurer said would not be covered under its policy. oregonlive, 10 June 2022 Deveney also requested indemnification for any legal action taken against her as a city employee and asked the city to refrain from disparaging her and not disclose the circumstances of her resignation. Globe Staff, BostonGlobe.com, 8 June 2022 The legislature can give what is called indemnification to UHSAA, meaning compensation for any expenses from a lawsuit. Kevin Reynolds, The Salt Lake Tribune, 25 Mar. 2022 The indemnification must be paid into a court account within 72 hours. Zack Sharf, Variety, 4 Mar. 2022 Cox has argued for indemnification, as has Speaker of the House Brad Wilson. Kevin Reynolds, The Salt Lake Tribune, 25 Mar. 2022 His attorneys are seeking to invoke the indemnification clause of his producer contract, which would force Smith and the production entity to assume liability for all legal claims and pay Baldwin’s defense costs. Gene Maddaus, Variety, 11 Mar. 2022 See More

Word History

First Known Use

1732, in the meaning defined at sense 1a

Time Traveler
The first known use of indemnification was in 1732

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