indemnification
Definitions
Accounting
- noun payment for damage
Construction
- An obligation contractually assumed or legally imposed on one party to protect another against loss or damage from stated liabilities. See also insurance.
Health Economics
- (written as Indemnification)The compensation or benefits payable under an insurance policy, or a principle of insurance, to the effect that an insured person should be retrospectively restored to the same financial position as before a covered loss.
