indemnification means: As compensation for loss or damage, it is used in insurance policies. In order to protect officers and directors in the context of corporate governance (Direct Indemnification), the bylaws or charter are used to indemnify them from legal expenses and judgements that result from any lawsuits related to their conduct. (in Stock Market Dictionary)

What else does indemnification mean?

  • Condition of being insured. (in Merlin Dictionary)
  • A compensation that compensates for loss; something that insures. (in Merlin Dictionary)
  • 1. In cases of policies that are written under an indemnification policy, the insurance reimburses. (in Insurance Dictionary)