What is the meaning of Indemnification?

Indemnification is used in insurance policy agreements as to compensation for damage or loss. In the context of corporate governance, Director Indemnification uses the bylaws and/or charter to indemnify officers and directors from certain legal expenses and judgements resulting from lawsuits pertaining to their conduct.

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APABarry Goldsmith. (2010). indemnification. Retrieved September 21, 2026, from http://smartdefine.org/indemnification/definitions/1155919
ChicagoBarry Goldsmith. 2010. "indemnification" http://smartdefine.org/indemnification/definitions/1155919 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, indemnification, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/indemnification/definitions/1155919>.
MLABarry Goldsmith. "indemnification" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/indemnification/definitions/1155919>
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