Reparation vs Indemnity - What's the difference?
reparation | indemnity |
(usually in plural) A payment of time, effort or money to undo past transgression(s).
* Dryden
The act of renewing, restoring, etc., or the state of being renewed or repaired.
(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 reparation and indemnity
is that reparation is a payment of time, effort or money to undo past transgression(s) while indemnity is an obligation or duty upon an individual to incur the losses of another.reparation
English
Noun
(en noun)- I am sensible of the scandal I have given by my loose writings, and make what reparation I am able.
- the reparation of a bridge or of a highway
