Definition, Meaning & Synonyms
indemnitor
noun
/ɪnˈdɛm.nɪ.tər/
Definition
A person or entity that agrees to compensate another for any loss or damage that may occur.
Examples
- The indemnitor is responsible for covering any claims made against the indemnified party.
- In the insurance policy, the insurance company acts as an indemnitor to the policyholder.
- When signing the contract, the indemnitor promised to pay for any legal fees incurred.
Meaning
An indemnitor provides a guarantee of protection from financial loss to another party, often through a contractual agreement.
Synonyms
- guarantor
- insurer
- compensator
- protector
- security provider
