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Definitions from the Web

Term: Indemnified

Part of Speech: Adjective/Verb

Senses:

• Adjective: protected or secured against financial loss, damage, or liability
• Verb: to compensate or reimburse someone for a loss, damage, or legal liability

Usage:

Sense 1 (Adjective):

Being indemnified provides a sense of security, knowing that you are protected against any potential financial loss.

Sample Sentence: After signing the contract, the company was indemnified against all claims and legal actions brought by employees.

Sense 2 (Verb):

It is crucial for insurance companies to indemnify victims of accidents to ensure their financial stability.

Sample Sentence: The insurance company agreed to indemnify the homeowner for the damages caused by the natural disaster.

Related products:

• Indemnification Insurance
• Contract Law Textbooks
• Settlement Agreement Forms