Legal Definitions - indemnification

If we desire respect for the law, we must first make the law respectable.

✨ Enjoy an ad-free experience with LSD+

Definition of indemnification

Definition: Indemnification is the act of compensating for any loss or damage that has been sustained. It is the compensation that is made to cover the loss or damage.

Example: If a person's car is damaged in an accident, the insurance company will provide indemnification to cover the cost of repairs. The insurance company will compensate the person for the loss or damage that has been sustained.

Explanation: The example illustrates how indemnification works in the case of a car accident. The insurance company compensates the person for the loss or damage that has been sustained. This compensation is known as indemnification.

You win some, you lose some, and some you just bill by the hour.

✨ Enjoy an ad-free experience with LSD+

Simple Definition

Indemnification: When someone compensates you for something you lost or got damaged, it is called indemnification. It means that they are making up for the harm that was caused. For example, if someone accidentally breaks your phone, they might offer to pay for a new one as indemnification.

in delicto | indemnifier Read a random term: a ce

I feel like I'm in a constant state of 'motion to compel' more sleep.

✨ Enjoy an ad-free experience with LSD+

The young man knows the rules, but the old man knows the exceptions.

✨ Enjoy an ad-free experience with LSD+