The difference between Indemnification and Restitution
When used as nouns, indemnification means the act or process of indemnifying, preserving, or securing against loss, damage, or penalty, whereas restitution means a process of compensation for losses.
check bellow for the other definitions of Indemnification and Restitution
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Indemnification as a noun:
The act or process of indemnifying, preserving, or securing against loss, damage, or penalty.
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Indemnification as a noun:
A reimbursement of loss, damage, or penalty.
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Indemnification as a noun:
The state of being indemnified.
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Indemnification as a noun:
That which indemnifies.
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Indemnification as a noun (legal):
indemnity
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Restitution as a noun (legal):
A process of compensation for losses.
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Restitution as a noun:
The act of making good or compensating for loss or injury.
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Restitution as a noun:
A return or restoration to a previous condition or position.
Examples:
"the restitution of an elastic body"
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Restitution as a noun:
That which is offered or given in return for what has been lost, injured, or destroyed; compensation.
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Restitution as a noun (medicine):
The movement of rotation which usually occurs in childbirth after the head has been delivered, and which causes the latter to point towards the side to which it was directed at the beginning of labour.