Indemnitor

Pronunciation: /ˈɪnˈdiˈɛmˈniˈtɔɹ/

Indemnitor (noun)

  1. A person or organization that promises to cover losses or costs if another party suffers harm or damage.
  2. The party who gives an indemnity and is responsible for paying compensation under a legal agreement.

Examples

  • The indemnitor pays for loss caused by the contractor.
  • If damage happens, the indemnitor pays for loss to the owner.