/ɪnˈdɛmnɪfaɪ/ – Verb
Definition: 1. đảm bảo bồi thường thiệt hại;
2. bồi thường thiệt hại;
3. tha miễn hình phạt, xóa trách nhiệm.
A more thorough explanation: To indemnify means to compensate or reimburse someone for a loss, damage, or liability incurred. It is a legal term often used in contracts and insurance policies to ensure that one party is protected from financial harm resulting from certain actions or events.
Example: The insurance company agreed to indemnify the policyholder for any damages resulting from the car accident.