The differences between restitution, reparation, recompense, and indemnification.
In: Economics
Indemnification usually specifically money compensation by insurance companies, for accidents and illness, more a legal term.
Restitution usually specifically for theft or slander, rather than General loss
Reparations is more personal, for atonement of some sins that one has committed, sometimes unknowingly.
recompense is the weakest one here more restoring like for like, rather than money
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