indemnify

indemnify
indemnify
to guarantee against any loss which another might suffer. In bankruptcy, it is used to describe the undertaking of one spouse in a divorce to assume certain debts of the marriage and to see that the other spouse is not forced to pay. (Bankruptcy in Brief)

United Glossary of Bankruptcy Terms 2012.


Glossary of Bankruptcy.

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Synonyms:
(against loss, injury, or penalty), / (for loss or injury), , , ,


Look at other dictionaries:

  • indemnify — in·dem·ni·fy /in dem nə ˌfī/ vt fied, fy·ing [Latin indemnis unharmed, from in not + damnum damage] 1: to secure against hurt, loss, or damage 2: to compensate or reimburse for incurred hurt, loss, or damage in·dem·ni·fi·er n Merriam Webster’s… …   Law dictionary

  • Indemnify — In*dem ni*fy, v. t. [imp. & p. p. {Indemnified}; p. pr. & vb. n. {Indemnifying}.] [L. indemnis unhurt (in not + damnum hurt, damage) + fy. Cf. {Damn}, {Damnify}.] [1913 Webster] 1. To save harmless; to secure against loss or damage; to insure.… …   The Collaborative International Dictionary of English

  • indemnify — (v.) compensate for loss or expense, 1610s, from L. indemnis unhurt (see INDEMNITY (Cf. indemnity)) + FY (Cf. fy). Related: Indemnified; indemnifying …   Etymology dictionary

  • indemnify — reimburse, recompense, compensate, remunerate, *pay, repay, satisfy …   New Dictionary of Synonyms

  • indemnify — ► VERB (indemnifies, indemnified) 1) compensate (someone) for harm or loss. 2) secure (someone) against legal responsibility for their actions. DERIVATIVES indemnification noun indemnifier noun …   English terms dictionary

  • indemnify — [in dem′ni fī΄] vt. indemnified, indemnifying [< L indemnis, unhurt < in , not + damnum, hurt, harm, damage (see DAMN) + FY] 1. to protect against or keep free from loss, damage, etc.; insure 2. a) to repay for what has been lost or… …   English World dictionary

  • indemnify — Used in insurance policy agreements as to compensation for damage or loss. Hold harmless * * * indemnify in‧dem‧ni‧fy [ɪnˈdemnfaɪ] verb indemnified PTandPP 1. [intransitive, transitive] LAW to promise to pay for a financial loss that a person or …   Financial and business terms

  • indemnify — [[t]ɪnde̱mnɪfaɪ[/t]] indemnifies, indemnifying, indemnified VERB To indemnify someone against something bad happening means to promise to protect them, especially financially, if it happens. [FORMAL] [V n against n] They agreed to indemnify the… …   English dictionary

  • indemnify — verb /ɪnˈdɛm.nɪ.faɪ/ a) To secure against loss 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. b) To compensate or reimburse someone for some expense or injury …   Wiktionary

  • indemnify — v. (D; tr.) to indemnify for * * * [ɪn demnɪfaɪ] (D; tr.) to indemnify for …   Combinatory dictionary

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