Remedy vs Indemnity - What's the difference?
remedy | indemnity |
Something that corrects or counteracts.
(legal) The legal means to recover a right or to prevent or obtain redress for a wrong.
A medicine, application, or treatment that relieves or cures a disease.
* 1856 : (Gustave Flaubert), (Madame Bovary), Part III Chapter X, translated by Eleanor Marx-Aveling
To provide or serve as a remedy for.
* 1748 . David Hume. Enquiries concerning the human understanding and concerning the principles of moral. London: Oxford University Press, 1973. ยง 27.
(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.
In lang=en terms the difference between remedy and indemnity
is that remedy is the legal means to recover a right or to prevent or obtain redress for a wrong while indemnity is the right of an injured party to shift the loss onto the party responsible for the loss.As nouns the difference between remedy and indemnity
is that remedy is something that corrects or counteracts while indemnity is an obligation or duty upon an individual to incur the losses of another.As a verb remedy
is to provide or serve as a remedy for.remedy
English
(wikipedia remedy)Noun
(remedies)- He said to himself that no doubt they would save her; the doctors would discover some remedy surely. He remembered all the miraculous cures he had been told about. Then she appeared to him dead. She was there; before his eyes, lying on her back in the middle of the road. He reined up, and the hallucination disappeared.
Derived terms
* remedilessVerb
- Nor is geometry, when taken into the assistance of natural philosophy, ever able to remedy this defect,