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Indemnifier: Difference between revisions
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{{def|Indemnifier|/ɪnˈdɛmnɪfʌə/|n|[[File:Damocles-WestallPC20080120-8842A.jpg|450px|thumb|center|An [[indemnifier]] yesterday.]]}} | {{def|Indemnifier|/ɪnˈdɛmnɪfʌə/|n|[[File:Damocles-WestallPC20080120-8842A.jpg|450px|thumb|center|An [[indemnifier]] yesterday.]]}} | ||
1. One who indemnifies; an [[indemnitor]] (''archaic''). No doubt some will bemoan the loss of this expression to the legal lexicon, but they are same sort of people who regret the decline of chimney-sweeping industry.<br> | 1. One who [[Indemnity|indemnifies]]; an [[indemnitor]] (''archaic''). No doubt some will bemoan the loss of this expression to the legal lexicon, but they are same sort of people who regret the decline of chimney-sweeping industry.<br> | ||
2. Damocles. One who, out of a surfeit of incaution or [[deal fatigue]], has underwritten every minor calamity her counterparty may suffer; every debatable opportunity it may forgo, and every extraordinary expense it may incur, however irrational, in the performance of the contract between them. <br> | 2. Damocles. One who, out of a surfeit of incaution or [[deal fatigue]], has underwritten every minor calamity her counterparty may suffer; every debatable opportunity it may forgo, and every extraordinary expense it may incur, however irrational, in the performance of the contract between them. <br> | ||
3. (''Unusual'') A party to a [[contract]] who has agreed, in full knowledge of the facts, to bear responsibility for a well-quantified and clearly-articulated externality that it accepts its counterparty may suffer through no fault of its own, in the course of providing an incontrovertible benefit to the [[indemnifying party]] under that contract, by means of a [[well-crafted indemnity]]. | 3. (''Unusual'') A party to a [[contract]] who has agreed, in full knowledge of the facts, to bear responsibility for a well-quantified and clearly-articulated externality that it accepts its counterparty may suffer through no fault of its own, in the course of providing an incontrovertible benefit to the [[indemnifying party]] under that contract, by means of a [[well-crafted indemnity]]. | ||