indemnifier
Noun: An indemnifier is a person or entity that provides indemnity — that is, one who compensates another for a loss, damage, or liability, or who guarantees protection against such loss.
- (The insurer compensated for the loss.)
- (The landlord guarantees compensation for injuries.)
- (He promised to cover expenses in case of loss.)
"to act as an indemnifier": to fulfill the role of providing financial protection or compensation.
- The parent company acted as the indemnifier for its subsidiary's debts. (The parent company guaranteed payment of the subsidiary's obligations.)
"right of the indemnifier": a legal term referring to the indemnifier's entitlement to take over the rights of the indemnified party after paying compensation.
- After settling the claim, the indemnifier exercised its right to pursue the responsible third party. (The compensated party's legal claims were transferred to the indemnifier.)
Indemnify (v): to compensate someone for harm, loss, or damage.
- The policy will indemnify you for any theft. (The insurance will pay for stolen items.)
Indemnity (n): security or protection against a loss or other financial burden.
- He received a full indemnity for the accident. (He was fully compensated.)
Indemnification (n): the act of providing indemnity or the compensation itself.
- The indemnification process took several months. (The process of paying compensation was lengthy.)
- Compensator: one who makes up for a loss or injury.
- Reimburser: one who repays money spent or lost.
- Surety: a person who takes responsibility for another's performance or debt.
Hold harmless: a legal phrase meaning to protect someone from liability, often used with "indemnifier."
- The contract included a hold harmless clause, making the contractor the indemnifier. (The contractor agreed to bear all liability.)
Make whole: to restore someone to their original financial position after a loss.
- The indemnifier's payment made the victim whole again. (The compensation fully covered the loss.)