Consumption vs Indemnity - What's the difference?
consumption | indemnity |
The act of consuming something.
The amount consumed.
(pathology) The wasting-away of the human body through disease.
(senseid)(pathology, dated) Pulmonary tuberculosis.
(legal) An obligation or duty upon an individual to incur the losses of another.
Repayment.
(legal) The right of an injured party to shift the loss onto the party responsible for the loss.
A principle of insurance which provides that when a loss occurs, the insured should be restored to the approximate financial condition occupied before the loss occurred, no better, no worse.
As nouns the difference between consumption and indemnity
is that consumption is the act of consuming something while indemnity is an obligation or duty upon an individual to incur the losses of another.consumption
English
Noun
(-)- The fire's consumption of the forest caused ecological changes.
- gross national consumption
