indemnification
(noun)
/ɪnˌdemnɪfɪˈkeɪʃn/
Giải nghĩa:
The act of compensating someone for loss or damage.
The act of compensating someone for loss or damage.
Ví dụ:
The insurance policy provides you with indemnification for loss or damage to your car.
The insurance policy provides you with indemnification for loss or damage to your car.
indemnification
(noun)
/ɪnˌdemnɪfɪˈkeɪʃn/
Giải nghĩa:
A promise to pay someone's costs if they are sued because of their relationship with you.
A promise to pay someone's costs if they are sued because of their relationship with you.
Ví dụ:
The board members have indemnification agreements that protect them from personal liability.
The board members have indemnification agreements that protect them from personal liability.
Cách sử dụng
Indemnification means to be protected against any damage or loss. It is a legal term used to describe a situation where someone is compensated or protected for any harm or loss they suffer. For instance, if you get into a car accident and your insurance company pays for the damages, the insurance company has indemnified you. In simple terms, indemnification means being reimbursed for any loss that you have suffered. You might hear this word in legal or business contexts, but it can also come up in everyday situations, such as signing a contract or buying insurance.
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