Indemnified
/ɪnˈdɛm.nɪ.faɪd/
Definitions
- (adj.) Protected against loss or damage by virtue of an indemnity agreement.
The indemnified party is shielded from financial liability in the contract.
- (v.) Past tense of indemnify: to compensate for harm or loss or to secure against legal responsibility.
The company indemnified the employee for the expenses incurred during the lawsuit.
Forms
- indemnify
- indemnifies
- indemnifying
Related terms
See also
Commentary
Commonly used as an adjective in contracts describing the party receiving protection; as a verb, it is the past form of indemnify.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.