indemnification in a sentence
n.
📚 Grade Level: Grade 10, Grade 11, Grade 12
Definition
Indemnification is the act of compensating one party for losses or damages incurred, often as stipulated in a contract, to protect against unforeseen liabilities.
Crossword clues for indemnification
Crossword clue ideas and answer hints for the word "indemnification".
- Compensation for losses due to another's actions.
- Protection against financial loss from unforeseen events.
- Reimbursement for damages as per an agreement.
- Act of securing against potential future liabilities.
- Financial assurance against risks and damages incurred.
Indemnification sentence examples
- The contract included a clause for indemnification to protect the parties from unforeseen liabilities.
- Indemnification is essential in ensuring that one party is compensated for losses incurred due to another's actions.
- In the event of a lawsuit, the company sought indemnification from its insurance provider.
- Negotiating the terms of indemnification can often be a complex aspect of business agreements.
- The lawyer explained that indemnification would cover damages arising from negligence on the part of the contractor.