Definitions for "indemnify"
To compensate someone for loss or damage.
To save harmless; to secure against loss or damage; to insure.
To make restitution or compensation for, as for that which is lost; to make whole; to reimburse; to compensate.
Lawyerese for "promise to pay for the consequences of...", in this context. This word should ring alarm bells about publishers putting a freelance's house on the line for mistakes regardless of who made them. See Commissions and contracts.
Indenture Independent broker
The practice by which corporations pay expenses of officers or directors who are named as defendants in litigation relating to corporate affairs. In some instances corporations may indemnify officers and directors for fines, judgments, or amounts paid in settlement as well as expenses.
To hold another party harmless from financial responsibility.
to free from any responsibility or liability