indemnification etymology

Etymology:

• Latin: "indemnis" ("unharmed, free from loss")
• Prefix "in-": "not" or "without"
• Root "damnum": "loss, injury"

Meaning and Origin:

Indemnification refers to the act of compensating or protecting someone against loss, damage, or liability. Its origins can be traced back to Roman legal concepts:

• Damnum: Romans recognized the potential for harm and loss in various situations.
• In- (prefix): Negates the concept of loss, implying "without harm."
• Indemnis: Thus, "indemnis" meant a person or entity that remained "unharmed, free from loss."

Legal Concept:

In a legal context, indemnification involves a contractual or legal obligation by one party (the indemnifying party) to reimburse or hold harmless another party (the indemnitee) for any loss, damage, or liability incurred due to an act or omission of the indemnifying party.

The purpose of indemnification is to:

• Protect the indemnitee from financial harm
• Distribute the risk of potential liability
• Encourage certain actions or behaviors by providing financial protection

Indemnification clauses can be found in various types of agreements, such as:

• Contracts
• Insurance policies
• Leases
• Employment agreements

indemnification relate terms

• indemnify

  Etymology The word indemnify is derived from the Latin words in in or upon de

• indemnity

  Etymology Origin Latin indemnis meaning uninjured unharmed Root in not

• indemnity

  Etymology Origin Latin indemnis meaning uninjured unharmed Root in not

• restitution

  Etymology The word restitution comes from the Latin restituere which means to resto

• redress

  Etymology The word redress is derived from the Old French word redressier which in

• pain

  Etymology Old French peine Latin poena punishment penalty Proto Indo European k

• recompense

  Etymology Old French recompenser to compensate to repay Latin re again back

• compensation

  Etymology Latin compensare to weigh together Proto Indo European kom pens to m

• relief

  Etymology Latin relevare meaning to lighten ease lift Ancient Greek analeipsis

• dresser

  Etymology The word dresser originates from the Middle French word drecier which mea

• satisfaction

  Etymology The word satisfaction originates from the Latin word satisfactio which mea