Source : Webster's Revised Unabridged Dictionary (1913)

Indemnification \In*dem`ni*fi*ca"tion\, n.
   1. The act or process of indemnifying, preserving, or
      securing against loss, damage, or penalty; reimbursement
      of loss, damage, or penalty; the state of being
      indemnified.

            Indemnification is capable of some estimate; dignity
            has no standard.                      --Burke.

   2. That which indemnifies.

            No reward with the name of an indemnification. --De
                                                  Quincey.

Source : WordNet®

indemnification
     n 1: a sum of money paid in compensation for loss or injury [syn:
           {damages}, {amends}, {indemnity}, {restitution}, {redress}]
     2: an act of compensation for actual loss or damage or for
        trouble and annoyance