Indemnify(redirected from indemnifier)
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Used in insurance policy agreements as to compensation for damage or loss. Hold harmless
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
The collection of money for damages. For example, indemnification occurs in insurance when the policyholder receives money to compensate for an insured event. Likewise, a company may receive indemnification from an employee, especially a major executive, if the company suffers damages in a lawsuit as a result of the employee's illegal or unethical actions.
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