Do you know the meaning of indemnify or how to use it in a sentence? This article will provide you with everything you need to know.
The word indemnify is one that typically comes up when discussing security or protection against liability, but what exactly does it mean? Is it an insurance term? And how is it used in a sentence?
You have questions, and we have answers. Read on to discover our complete guide on indemnify.
What Is the Definition of Indemnify?
According to Oxford American English Dictionary, indemnify means to protect against loss, injury, or damage. It also means to repay what was lost or damaged. In other words, indemnify refers to providing someone with protection — or insurance — against harm.
So, to indemnify another individual is to compensate that individual for losses that that person has incurred or will incur as related to a specified incident.
What Is the Origin of Indemnify?
With its first records in the 1600s, indemnify is a derivative of both the Latin indemni (meaning unhurt, unharmed, or uninjured) and damnum (meaning loss).
What Are the Synonyms and Antonyms of Indemnify?
Now that you understand what indemnify means, let’s review a few synonyms and antonyms.
Synonyms are words that are similar to another word or have a related meaning. Synonyms of indemnify are as follows:
- Hold harmless
- Put up money
- Settle accounts with
- Agree to pay
- Make secure
- Provide insurance for
- Hold harmless agreement
- Keep from harm
- Look after
- Make up for
- Make restitution
- Take care of
- Give refuge
- Give payment to
- Pay off
- Settle up with
- Make amends
An antonym is a word that has the opposite meaning to another word. Antonyms of indemnify include:
- Be detrimental to
- Leave unguaranteed
- Refuse to fulfill
- Put in jeopardy
- Backtrack on
- Pose a threat to
- Leave alone
What Is the Difference Between Indemnify and Indemnity?
Many folks are under the impression that indemnify and indemnity can be used interchangeably. However, this is incorrect. Although the two words appear to be the same, they are different.
Derived from a late Middle English word meaning “free from loss” or “unhurt,” indemnity is the duty to make good any damage, loss, or hurt incurred by another. On the flip side, to indemnify someone is to absolve that person from responsibility for loss or damage arising from a transaction.
How Can You Use Indemnify in a Sentence?
By now you understand that the word indemnify is to secure against damage, loss, or hurt — but do you know how to use it in a sentence? Not to worry — we’ve put together a list of sentence examples for you to review below:
Are you even aware of any of the indemnity provisions we have in the contract you signed?
Insurance companies are supposed to indemnify their policyholders against damage.
Barbara told me that the surety bond will indemnify the performance of the obligator.
When I was a homeowner in New York, I had an insurance policy that was an indemnity contract.
Arguably the most attractive feature of insurance is that it indemnifies loss.
The insurance company agreed to indemnify the taxpayers against loss.
John said that they would do whatever they can to indemnify them.
The drunk driver will indemnify the victim of the car accident that he caused when driving under the influence.
She said she would seek a fund to indemnify the victims as soon as possible.
What Are Translations of Indemnify?
Believe it or not, indemnify can be said in more ways than one. Yup, it’s true — here are some of the most common translations of indemnify:
- Chinese — 保障
- European Spanish — indemnizar
- Italian — indennizzare
- British English — indemnify
- Japanese — 保障する
- American English — indemnify
- Korean — 보장하다
- European Portuguese — indemnizar
- Spanish — indemnizar
- Brazilian Portuguese — indenizar
- French — indemniser
- German — entschädigen
Related Words You Should Know
Before we wrap up this article, we want to leave you with a little homework. Below, you’ll find a list of words that are commonly associated with the term indemnify. Study each definition and practice using the terms in a sentence.
- Liability Insurance: A form of insurance that provides protection from third-party lawsuits.
- Reimbursement: The action of repaying an individual who has spent or lost money.
- Warranty: A written guarantee.
- Indemnification Clause: Clauses that set out to protect one party from liability if a third party is harmed in any way.
- Indemnification Provision: A clause that contractually obligates one individual to compensate another party for damages or losses that have occurred or could occur.
- Indemnification Agreement: A contract that holds a company or business harmless for any loss, burden, or damage.
To sum it up, indemnify means to make amends, to compensate for expenses, losses sustained or damages incurred. Not only that, indemnify also means to secure against future damage, liability, or loss.
We hope this guide has provided you with all the information you need to truly understand the word indemnify. To discover more interesting words, head on over to our website today!