indemnification
pronunciation
How to pronounce indemnification in British English:
UK [ɪnˌdemnɪfɪ'keɪʃn]
How to pronounce indemnification in American English:
US [ɪnˌdemnɪfɪ'keɪʃn]
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- Noun:
- a sum of money paid in compensation for loss or injury
- an act of compensation for actual loss or damage or for trouble and annoyance
Word Origin
- indemnification (n.)
- 1732, noun of action from indemnify.
Example
- 1. If such appointment results in loss to the agent , it may seek indemnification from the principal .
- 2. The fourth section is reconstruction of criminal indemnification proceedings .
- 3. We hope indemnification will be made for all expenses incurred .
- 4. The explanation of responsibility of public construct with harm result is considered the civil case indemnification .
- 5. Article 40 the insured of the original insurance contract has no right to claim indemnification from a reinsurer .