Meaning of the word indemnification in English
What does indemnification mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
indemnification
US /ɪnˌdem.nə.fəˈkeɪ.ʃən/
UK /ɪnˌdem.nə.fəˈkeɪ.ʃən/
Noun
1.
the act of paying or promising to pay someone an amount of money if they suffer damage or loss:
Example:
•
They asked for some form of indemnification in case the proposed deal was blocked.
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