indemnification Meaning, Definition & Usage

  1. noun a sum of money paid in compensation for loss or injury
    amends; redress; damages; indemnity; restitution.
  2. noun an act of compensation for actual loss or damage or for trouble and annoyance

WordNet

In*dem`ni*fi*ca"tion noun
Definitions
  1. 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.
  2. That which indemnifies.
    No reward with the name of an indemnification. De Quincey.

Webster 1913