Definition
Indemnity
The contractual promise that if a licensed use is disputed, the platform carries the liability rather than the buyer.
From the episode “8.3 Billion Faces, Zero Infrastructure: The AI Likeness Market Nobody Is Serving”Hear it on the podcast1 episode
Learn the language of AI-native founders
Every week: the new terms, tools, and workflows founders are using, straight from the podcast.
Related terms in Finance & Markets
HIPAA Carve-OutThird-party apps receiving patient-authorized data are not bound by HIPAA. This is why the privacy architecture of a product like Savva matters more than the policy, and why Stephen's local-only, no-account design is the actual protection.I-9The federal form verifying an employee's eligibility to work in the United States.IDIQ (Indefinitely Delivered, Indefinitely Quantity)A type of contract that provides for an indefinite quantity of supplies or services during a fixed period. Shield and Golden Dome referenced in this episode are examples.Illiquidity PremiumThe excess return investors earn for holding assets that cannot be easily converted to cash. Alternative investments — real estate, private equity, fine art, venture capital — offer illiquidity premiums over public market equivalents precisely because most investors cannot tolerate being locked up. The flip side: if you are forced to exit an illiquid position early (due to an unexpected cash need), you may have to accept a 70–80% loss on principal. CJ Follini identifies illiquidity as the #1 structural barrier keeping individual investors out of alternatives, and argues it is fundamentally a planning and budgeting problem — not an investment knowledge problem.Index fundA passive fund tracking a market benchmark like the S&P 500.IntestateDying without a valid will, leaving asset distribution to state default rules. These defaults typically favor a spouse and children, and almost never match what someone actually wanted.Invoice factoringSelling the invoice itself to a lender, who collects payment directly.Invoice financeBorrowing against money your customers already owe you.