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Definition

Indemnification

Indemnification is compensation to the victim of a loss, in whole or in part, by payment, repair, or replacement.

Webster Dictionary Meaning

1. Indemnification
- The act or process of indemnifying, preserving, or securing against loss, damage, or penalty; reimbursement of loss, damage, or penalty; the state of being indemnified.
- That which indemnifies.
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