indemnification indemnification  /ɪn ˌdɛm nə fɪ ˈkeɪ ʃən/

Definition(s):

  1. (n) a sum of money paid in compensation for loss or injury
  2. (n) an act of compensation for actual loss or damage or for trouble and annoyance

Usage(s):

  1. Greece threatens a resumption of hostilities with Turkey unless the claim for indemnification is dropped.
  2. Newspaper stories had disclosed that the exchange earlier this year lent Hayden, Stone $5,000,000 out of a special trust fund earmarked for investor indemnification.
  3. Greece threatens a resumption of hostilities with Turkey unless the claim for indemnification is dropped.

News

  1. Avidyne Reduced Cost Warranty Program May Be No Bargain -- Legally Speaking

    Avidyne User Community Increasingly Vocal About Legal Concerns Over Warranty Indemnifications It was presented as a bargain to certain Avidyne avionics product owners who wanted to control avionics service/warranty costs for the future... but the small type suggests that it might be a costly step for certain Avidyne operators. In a recent announcement for Avidyne owners, the company offered an ...
    on June 17, 2013     Source: The Aero-News Network

  2. DTCC Statement on the U.S. House of Representatives Passage of H.R. 742

    The Depository Trust & Clearing Corporation General Counsel Larry Thompson today issued the following statement in response to the U.S. House of Representatives passage of the Swap Data Repository and Clearinghouse Indemnification Correction Act of 2013 (H.R.
    on June 13, 2013     Source: Business Wire via Yahoo! Finance

Quotes

  1. "No vendor today stands behind Linux with full IP indemnification. In fact, it is rare for open source software to provide customers with any indemnification at all. We think Microsoft's indemnification already is one of the best offered by the...
    on Oct 27, 2004 By: Steve Ballmer Source: LinuxWorld.au

  2. "We're not just speaking about financial compensation or indemnification," Cotler said. "We're talking about justice for Jews from Arab countries. This speaks to the question of, among other things, rectifying the justice and peace narrative...
    on Feb 18, 2010 By: Irwin Cotler Source: Jerusalem Post

  3. "Intellectual property litigation has been increasing steadily for the last several years. As a result, indemnification against this litigation not only has become a requirement for any technology purchase, it strongly pushes companies towards the...
    on Feb 9, 2006 By: Rob Enderle Source: PR Newswire UK (press release)

Word of the Day
affectation affectation
/ˌæ fɛk ˈteɪ ʃən /