indemnify
1. [ verb ] secure against future loss, damage, or liability; give security for
Examples:

"This plan indemnifies workers against wages lost through illness"

Related terms: cover indemnity
2. [ verb ] (business) make amends for; pay compensation for
Synonyms: compensate repair recompense
Examples:

"One can never fully repair the suffering and losses of the Jews in the Third Reich" "She was compensated for the loss of her arm in the accident"

Related terms: pay give compensation damages amends reparation
Similar spelling:   intensify
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