Define indemnifying. indemnifying synonyms, indemnifying pronunciation, indemnifying translation, English dictionary definition of indemnifying. tr.v. in·dem·ni·fied , in·dem·ni·fy·ing , in·dem·ni·fies 1. To protect against damage, loss, or inj
Definition: Indemnity meansmaking compensation payments to one party by the other for the loss occurred. Description: Indemnity is based on a mutual contract between two parties (one insured and the other insurer) where one promises the other to compensate for the loss against payment of premiums....