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Indemnified: Difference between revisions
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{{def|Indemnified|/ɪnˈdem.nɪ.faɪ/|adj|[[File:Legal eagle.jpg|450px| | {{def|Indemnified|/ɪnˈdem.nɪ.faɪ/|adj|[[File:Legal eagle.jpg|450px|center|A [[paperist]], yesterday]]}} | ||
1. Descriptive of one who, when entering a [[contract]], fears the sky might fall in on her head, and wishes to have someone to sue should it do so. One who believes herself to be, therefore, immune from existential threat, thanks to the existence of a piece of paper. Thus, ''delusional''; a [[paperist]].<br> | 1. Descriptive of one who, when entering a [[contract]], fears the sky might fall in on her head, and wishes to have someone to sue should it do so. One who believes herself to be, therefore, immune from existential threat, thanks to the existence of a piece of paper. Thus, ''delusional''; a [[paperist]].<br> | ||
2. (''Rare'') Descriptive of a merchant who has identified a contingent cost to the performing the contract whose benefit accrues entirely to the other party, and who has persuaded that other party to bear it should it arise. For example, a [[custodian]], who wishes to pass to its client any unexpected tax consequences it suffers as a result of having legal title to its client’s custody asset. | 2. (''Rare'') Descriptive of a merchant who has identified a contingent cost to the performing the contract whose benefit accrues entirely to the other party, and who has persuaded that other party to bear it should it arise. For example, a [[custodian]], who wishes to pass to its client any unexpected tax consequences it suffers as a result of having legal title to its client’s custody asset. | ||