indemnification UK /ɪnˌdɛmnɪfɪˈkeɪʃən/US /ənˌdɛmnəfəˈkeɪʃən/ noun4 •The act or process of indemnifying, preserving, or securing against loss, damage, or penalty. •The state of being indemnified. •A reimbursement of loss, damage, or penalty. •That which indemnifies. formsindemnifications