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indemnification

/ɪnˌdɛmnɪfɪˈkeɪʃən/ noun

noun Definition from WordNet 3.1, Princeton University. Pronunciation from Wiktionary, via Kaikki.org. More about indemnification at Wordnik → Where our words come from →

  1. A sum of money paid in compensation for loss or injury.
  2. An act of compensation for actual loss or damage or for trouble and annoyance.