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verb in·dem·ni·fy \in-ˈdem-nə-ˌfī\

: to protect (someone) by promising to pay for the cost of possible future damage, loss, or injury

: to give (someone) money or another kind of payment for some damage, loss, or injury

in·dem·ni·fied in·dem·ni·fy·ing

Full Definition of INDEMNIFY

transitive verb
1:  to secure against hurt, loss, or damage
2:  to make compensation to for incurred hurt, loss, or damage