Meaning of the word indemnify in English

What does indemnify mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

indemnify

US /ɪnˈdem.nə.faɪ/
UK /ɪnˈdem.nə.faɪ/

Verb

1.

to pay or promise to pay someone an amount of money if they suffer damage or loss:

Example:
In return for a premium, the underwriter agrees to indemnify the insured against losses covered by the insurance.
Learn This Word at Lingoland