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indemnification

/ɪnˌdɛmnɪfɪˈkeɪʃən/

noun

Meaning

  • The act or process of indemnifying, preserving, or securing against loss, damage, or penalty.

  • A reimbursement of loss, damage, or penalty.

  • The state of being indemnified.

  • That which indemnifies.

  • Indemnity