Origin: Latin suffix -tion
Indemnification has 3 different meanings across 1 category:
a sum of money paid in compensation for loss or injury
"The insurance company approved our claim and issued full indemnification to cover the damage caused by the storm."
an act of compensation for actual loss or damage or for trouble and annoyance
"After the flood ruined their crops, the insurance company provided full indemnification to cover both the financial losses and the emotional distress they suffered."
The act or process of indemnifying, preserving, or securing against loss, damage, or penalty.
"The insurance policy provided comprehensive indemnification for any damages caused by the storm to our warehouse inventory."