Indemnification
Indemnification Type: noun Pronunciation: /in-dem-nuh-fuh-kay-shun/ Also spelled or known as: Indemnity Plural: Indemnification Provisions Related: Liability What does Indemnification mean? A contractual obligation requiring one party to compensate another for specified losses, damages, claims, or legal expenses. Indemnification clauses allocate financial responsibility for certain risks. Indemnification synonyms: Indemnity, Hold Harmless Provision, Loss Protection Example sentence: […]