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to indemnify
01
to repay someone for financial loss, damage, etc. that they have experienced
Transitive: to indemnify sb for a loss or damage
Example
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.
02
to shield someone from potential financial losses or legal consequences resulting from their actions
Transitive: to indemnify sth against loss or liability
Example
The insurance policy indemnifies homeowners against liability for accidents that occur on their property.
The contract includes a clause that indemnifies the company against any legal claims arising from the use of its products.
