Search the Dictionary

or damage; to insure. The states must at last engage to the merchants here that they will indemnify them from all that shall fall out. Sir W. Temple.

Obliged to answer; liable to be called to account; liable to pay, indemnify, or make good; accountable; amenable; responsible; as, an agent is answerable to his principal; to be answerable for a debt, or for damages. Will any man argue that . . . he can not be justly punished, but is answerable only to God Swift.…

To insure; to covenant to indemnify for loss, or to pay a specified sum at death. See Insure.

ration of the payment of a premium or small percentage -- usually made periodically -- to indemnify an owner of property from loss by fire during a specified period. -- Fire irons, utensils for a fireplace or grate, as tongs, poker, and shovel. -- Fire main, a pipe for water, to be used in putting out fire. -- Fire…

The act or process of indemnifying, preserving, or securing against loss, damage, or penalty; reimbursement of loss, damage, or penalty; the state of being indemnified. Indemnification is capable of some estimate; dignity has no standard. Burke.

contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or guarantee another against loss by certain specified risks. Cf. Assurance, n., 6.

One who, or that which, insures; the person or company that contracts to indemnify losses for a premium; an underwriter.

n instrument in writing containing the terms and conditions on which one party engages to indemnify another against loss arising from certain hazards, perils, or risks to which his person or property may be exposed. See Insurance.

A sum of money paid to underwriters for insurance, or for undertaking to indemnify for losses of any kind.

To reimburse; to indemnify; -- often used reflexively and in the passive. Elizabeth had lost her venture; but if she was bold, she might recoup herself at Philip's cost. Froude. Industry is sometimes recouped for a small price by extensive custom. Duke of Argyll.

To make restoration or payment of an equivalent to (a person); to pay back to; to indemnify; -- often reflexive; as, to reimburse one's self by successful speculation. Paley.

To make amends for, as for an injury, by an equivalent; to indemnify for; as, to repair a loss or damage. I 'll repair the misery thou dost bear. Shak.

To secure to, as a purchaser of goods, the title to the same; to indemnify against loss.