Reimbursement by a corporation to its officers and directors who are named as defendants in litigation involving the corporation for their expenses incurred in defending themselves is referred to as

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Indemnification is the correct term for the process where a corporation reimburses its officers and directors who are named as defendants in litigation involving the corporation for their expenses incurred in defending themselves. This is a common practice to protect corporate officers and directors from personal financial loss due to lawsuits related to their corporate roles.

Reimbursement by a Corporation to Its Officers and Directors Who