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The Difference Between

What is the difference between compensation and indemnity?

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Wiki User
2007-07-13 05:03:56

The concept of indemnification denotes an attempt to

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Wiki User
2007-07-13 05:03:56

The concept of indemnification denotes an attempt to “make

whole” which is actually almost never a real possibility due to a

myriad of factors the primary of which is in sentimentally attached

values, these are not real values but rather a perceived value

based on emotional attachments. Compensation is an as stated. "

Compensation" It is more general and usually represents an agreed

amount or an amount legally acceptable or required.


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