What is the difference between compensation and indemnity?
The concept of indemnification denotes an attempt to â€œmake
wholeâ€ 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.