Glossary |
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| Term | Definition |
| Indemnify | 1. to promise to pay someone if something they possess is damaged or lost 2. to pay someone money because of loss, injury, or damage that they have suffered Insurance will indemnify the owner of the policy for a loss. |
| Indemnity | 1. protection against loss or damage, especially in the form of a promise to pay for any losses or damage 2. a payment for the loss of money, goods etc. |