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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.
Wiki User
∙ 16y ago
Wiki User
∙ 16y agoThe concept of indemnification denotes an attempt to
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What is the difference between liability and indemnity?
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Which term describes the practice of paying a sum of money as compensation for loss?
indemnity
Is paying compensation in expropriation and not paying compensation in confiscation is basic difference between confiscation and expropriation?
In expropriation government pays any compensation but not in confiscation.and the difference between them that Expro. is taking of private owners and pay ( adequate and effective compensation)In Confis. is like deprivation and doesn't pay any compensation .
What must the parents do in order to receive the dependency and indemnity compensation?
They must meet certain income eligibility requirements.
What must the parents do in order to receive the Dependence and Indemnity Compensation?
They must meet certain income eligibility requirements.
What is the difference between a surety bond and workers compensation?
A surety bond is a form of guarantee. Workers compensation is an insurance program. There is absolutely no relativity.
What is indeminity?
Indemnity is protection from a loss that can possibly occur. It usually relates to financial transactions and can also be money that is paid for compensation.
What are the methods of providing indemnity?
Indemnity in insurance means the exact financial compensation. This can be provided by: 1. Cash payment 2. Repair 3. Replacement 4. Reinstatement For more information email to: KAEY.VEE@GMAIL.COM
What is the primary difference between a life and disability analyst and a life agent?
An analyst recieves compensation from his client, and the agent recieves compensation from the insurance company.
What are the different methods of providing indemnity?
Indemnity in insurance means the exact financial compensation. This can be provided by: 1. Cash payment 2. Repair 3. Replacement 4. Reinstatement For more information email to: KAEY.VEE@GMAIL.COM
What exactly is insurance indemnity?
Indemnity insurance is compensation for the beneficiaries of the policies for their actual economic losses. This is typically up to the limiting amount of the insurance policy. It generally requires the insured to prove the amount of its loss before it can recover.
Difference between extra ordinary items and exceptional items?
is compensation received an exceptional income
