INDEMNIFY

compensate, recompense, repair, indemnify

(verb) make amends for; pay compensation for; “One can never fully repair the suffering and losses of the Jews in the Third Reich”; “She was compensated for the loss of her arm in the accident”

indemnify

(verb) secure against future loss, damage, or liability; give security for; “This plan indemnifies workers against wages lost through illness”

Source: WordNet® 3.1

Etymology 1

Verb

indemnify (third-person singular simple present indemnifies, present participle indemnifying, simple past and past participle indemnified)

To secure against loss or damage; to insure.

(chiefly, legal) To compensate or reimburse someone for some expense or injury

Etymology 2

Verb

indemnify (third-person singular simple present indemnifies, present participle indemnifying, simple past and past participle indemnified)

(obsolete, rare) to hurt, to harm

Source: Wiktionary

In*dem"ni*fy, v. t. [imp. & p. p. Indemnified; p. pr. & vb. n. Indemnifying.] Etym: [L. indemnis unhurt (in- not + damnum hurt, damage) + -fy. Cf. Damn, Damnify.]

1. To save harmless; to secure against loss or damage; to insure. The states must at last engage to the merchants here that they will indemnify them from all that shall fall out. Sir W. Temple.

2. To make restitution or compensation for, as for that which is lost; to make whole; to reimburse; to compensate. Beattie.

Source: Webster’s Unabridged Dictionary 1913 Edition