INDEMNIFYING Meaning and
Definition
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Indemnifying is a verb that refers to the act of compensating or protecting someone against a loss, damage, or liability that they have incurred. It involves providing financial or legal security to someone who has suffered a loss or is at risk of being held responsible for a certain event or action.
In insurance terms, indemnifying is the process by which an insurance company agrees to cover the costs or damages suffered by the insured party. The insurer takes on the responsibility to reimburse the insured for any financial losses incurred due to covered incidents or events.
In legal contexts, indemnifying is often associated with contractual agreements. It involves one party agreeing to compensate or protect another party in case of certain specified losses, claims, or liabilities. This agreement ensures that the party being indemnified is shielded from financial harm or legal repercussions resulting from their actions.
Moreover, indemnifying can also involve the act of making amends or restitution for a wrongdoing or injury caused to someone else. For example, if a person caused damage to someone's property, they may be required to indemnify the affected individual by repairing or compensating for the damage.
Overall, the concept of indemnifying encompasses the idea of providing compensation, protection, or restitution to someone who has incurred losses or is facing potential liabilities. It serves as a means to ensure financial or legal security for the party being indemnified.
Common Misspellings for INDEMNIFYING
Etymology of INDEMNIFYING
The word "indemnifying" is derived from the noun "indemnity", with the addition of the suffix "-ing". The term "indemnity" can be traced back to the late 15th century and has roots in the Latin word "indemnitas", meaning "security for damage or loss". The Latin term, in turn, is derived from the phrase "in-" (meaning "not") and "damnum" (meaning "loss" or "damage"). Over time, the word "indemnity" came to signify financial protection or compensation given to someone in case of harm, loss, or damage, and the verb form "indemnify" emerged. The addition of the suffix "-ing" transforms the verb "indemnify" into the present participle form "indemnifying", which refers to the act of providing indemnity or compensation.
Similar spelling word for INDEMNIFYING
Conjugate verb Indemnifying
CONDITIONAL
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would indemnify
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FUTURE
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will indemnify
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FUTURE PERFECT
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will have indemnified
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PAST
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indemnified
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indemnified
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PAST PERFECT
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PRESENT
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indemnify
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PRESENT PERFECT
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have indemnified
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am indemnifying
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