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to indemnify
01
to repay someone for financial loss, damage, etc. that they have experienced
02
to shield someone from potential financial losses or legal consequences resulting from their actions
Example
The rental agreement required the tenant to indemnify the landlord for damages caused to the property beyond normal wear and tear.
The employer agreed to indemnify the employee for any work-related injuries covered by the company's insurance.
As part of the settlement, the business agreed to indemnify the affected customers for the financial losses incurred due to the product recall.
The software company indemnifies its clients against losses resulting from security breaches or data breaches.
The employment contract indemnifies the employer against legal claims related to workplace accidents or injuries.
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