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Reimbursement vs. Indemnity

Reimbursement and Indemnity Definitions

Reimbursement

To repay (money spent); refund.

Indemnity

Security against damage, loss, or injury.

Reimbursement

To pay back or compensate (another party) for money spent or losses incurred.

Indemnity

An exemption from liability for damages resulting from specified conduct, as in a contract indemnifying a party for the performance of certain actions.

Reimbursement

The act of compensating someone for an expense.

Indemnity

Compensation for damage, loss, or injury suffered.
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Reimbursement

The act reimbursing.

Indemnity

Security from damage, loss, or penalty.

Reimbursement

Compensation paid (to someone) for damages or losses or money already spent etc.;
He received reimbursement for his travel expenses

Indemnity

(legal) An obligation or duty upon an individual to incur the losses of another.

Indemnity

Repayment; compensation for loss or injury.

Indemnity

(legal) The right of an injured party to shift the loss onto the party responsible for the loss.
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Indemnity

(insurance) 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.

Indemnity

Security; insurance; exemption from loss or damage, past or to come; immunity from penalty, or the punishment of past offenses; amnesty.
Having first obtained a promise of indemnity for the riot they had committed.

Indemnity

Indemnification, compensation, or remuneration for loss, damage, or injury sustained.
They were told to expect, upon the fall of Walpole, a large and lucrative indemnity for their pretended wrongs.

Indemnity

Protection against future loss

Indemnity

Legal exemption from liability for damages

Indemnity

A sum of money paid in compensation for loss or injury
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