Definition

A process or agreement that provides compensation or protection against loss or damage.

Example

The company offered indemnification to its employees for any legal costs incurred while performing their duties.

Conversation

Have you heard about the indemnification clause in the contract?

Yeah, I think it's important to understand what it covers.

Exactly! It protects us from any unexpected losses.

For sure, it's good to know we're safe in case something goes wrong.

Synonyms & Antonyms

Root Explanation

Indemnification → It is formed from "in-" (meaning not) and "damnum" (meaning loss or damage) combined with the suffix "-fication" (meaning the process of making). The word refers to the process of making someone whole again after a loss or damage, essentially providing compensation for that loss.

Memory Tip

Think of 'not' ('in-') experiencing 'loss' ('damnum') and the process of making it right ('-fication'). This helps you remember that indemnification means compensating for a loss.

Visually Confused Words