Want to say indemnification differently? Here are other words for indemnification and its similar synonyms and opposite words to say in unique way.
Meaning of indemnification
The act of compensating someone for a loss or damage.
Etymology of indemnification
The word "indemnification" originates from the Latin words "in" (meaning "against" or "on") and "damnum" (meaning "loss" or "damage"), with the suffix "-fication" added to form a noun.
The term has been used in English since the 15th century to describe the act of protecting someone from financial loss or damage.
Synonyms
compensation
reimbursement
repayment
restitution
remuneration
reparation
damages
redress
indemnity
settlement
payment
reimbursement
recoupment
refund
payback
amends
atonement
expiation
requital
quittance
satisfaction
indemnification
insurance
guarantee
protection
security
safeguard
shield
defense
Definitions
- The action of compensating someone for a loss or damage.
- * A payment or other form of compensation made to someone who has suffered a loss or damage.
Usage Examples
- The company provided indemnification to the contractors for any losses they might incur during the project.
- * The insurance policy included a clause for indemnification in case of accidental damage to the property.
Antonyms
penalty
fine
punishment
forfeiture
seizure
confiscation
loss
damage
harm
injury
detriment
disadvantage
liability
obligation
responsibility
burden
weight
encumbrance
hindrance
impediment