Consumption vs Indemnity - What's the difference?

consumption | indemnity |


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.

consumption

English

Noun

(-)
  • The act of consuming something.
  • The fire's consumption of the forest caused ecological changes.
  • The amount consumed.
  • gross national consumption
  • (pathology) The wasting-away of the human body through disease.
  • (senseid)(pathology, dated) Pulmonary tuberculosis.
  • Derived terms

    * autoconsumption, self-consumption. * conspicuous consumption.

    See also

    (Wikipedia)

    indemnity

    English

    Noun

    (indemnities)
  • (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.
  • See also

    * (l) * (l)