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Compensate my defining bungle, no end (9)

Ross

I believe the answer is:

indemnify

I'm a little stuck... Click here to teach me more about this clue!

'compensate' is the definition.
(I know that compensate can be written as indemnify)

I can't explain the rest of the clue.

Can you help me to learn more?

(Other definitions for indemnify that I've seen before include "Secure against future liability" , "Protect or insure agianst consequences" .)

I've seen this clue in the Sydney Morning Herald.
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