An individual or company who agrees to assume the obligation normally placed on a surety if the person a bond was issued on defaults. This is usually done because the applicant does not qualify as an acceptable risk by the surety's standards.

Use indemnitor in a sentence

Related Videos

Have a question about indemnitor? Ask for help in the
advertise here

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z