I apprehend, would be that the proposition thus advanced rests fundamentally upon the mistaken assumption that the failure to pay a legal debt makes the debtor in equity the indemnificator of his creditor against losses resulting from such nonpayment.
Source: wiktionary
If the expense of the attesting puppet should be grudged, the part of the puppet might be enacted by a living person, such as the crier of the court: the same respectable person who for so many centuries has supported the character of the common vouchee or indemnificator general, in the Common Pleas, so much to the satisfaction of the best judges.
Source: wiktionary