As nouns the difference between consumption and indemnity
is that consumption
is the act of consuming something while indemnity
is (legal) an obligation or duty upon an individual to incur the losses of another.
The act of consuming something.
The amount consumed.
- The fire's consumption of the forest caused ecological changes.
(pathology) The wasting-away of the human body through disease.
(senseid)(pathology, dated) Pulmonary tuberculosis.
- gross national consumption
* autoconsumption, self-consumption.
* conspicuous consumption.
(legal) An obligation or duty upon an individual to incur the losses of another.
(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.