indemnification

Did your dog eat your landlord's lawn furniture? Did your loud partying make your neighbors move out? You may find yourself paying an indemnification, meaning compensation for damages or distress.

More often than not, an indemnification is usually arranged up-front as a form of insurance against bad things that might happen. For example, a film crew might agree to indemnification before being allowed to film in a particular location. Indemnification has the general sense of being a preventative action, something that protects against any future losses.

Definitions of indemnification
  1. noun
    an act of compensation for actual loss or damage or for trouble and annoyance
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    type of:
    compensation, recompense
    the act of compensating for service, loss, or injury
  2. noun
    a sum of money paid in compensation for loss or injury
    synonyms: amends, damages, indemnity, redress, restitution
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    types:
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    relief
    (law) redress awarded by a court
    actual damages, compensatory damages, general damages
    (law) compensation for losses that can readily be proven to have occurred and for which the injured party has the right to be compensated
    nominal damages
    (law) a trivial sum (usually $1.00) awarded as recognition that a legal injury was sustained (as for technical violations of a contract)
    exemplary damages, punitive damages, smart money
    (law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct)
    atonement, expiation, satisfaction
    compensation for a wrong
    double damages
    twice the amount that a court would normally find the injured party entitled to
    treble damages
    three times the amount that a court would normally find the injured party entitled to
    type of:
    compensation
    something (such as money) given or received as payment or reparation (as for a service or loss or injury)
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