compensate vs indemnify

compensate and indemnify both are verbs.

Word	Noun	Adjective	Verb	Adverb
compensate	No	No	Yes	No
indemnify	No	No	Yes	No

As verbs, compensate and indemnify are synonyms defined as:

Other synonyms of compensate include recompense, repair.

compensate (verb)	indemnify (verb)
make payment to; compensate	make amends for; pay compensation for
make amends for; pay compensation for	secure against future loss, damage, or liability; give security for
do or give something to somebody in return
make reparations or amends for
adjust for
make up for shortcomings or a feeling of inferiority by exaggerating good qualities