American Dictionary of the English Language

INDEM'NIFY, verb transitive [in and damnify; Latin damnificus; damnum, loss.]

1. To save harmless; to secure against loss, damage or penalty.

2. To make good; to reimburse to one what he has lost. We indemnify a man, by giving sufficient security to make good a future loss, or by actual reimbursement of loss, after it has occurred.