V2 Vocabulary Building Dictionary
Definition: 1. to insure against loss or damage; 2. to pay for loss or damage
Synonyms: protect, insure, guarantee, safeguard, secure, reimburse, compensate, remit, pay, repay
Antonyms: collect (payment)
Tips: Indemnity, meaning "protection against injury or damage," is derived from the Latin word damnum, which means "injury." When the damage has already occurred, to indemnify it means "to compensate or pay for it". Indemnify is a more sophisticated way of saying "insure."
The firm indemnifies insurance companies against excessive losses that might be incurred after a natural disaster. (safeguards, protects)
The company made it a policy to indemnify its employees against liability for damages that could happen on the job. (protect, insure)
I have to indemnify the owner of the vehicle that I rear-ended. (reimburse, pay)
My spouse and I have indemnified our house against fire and flood damage. (insured, secured)
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