What is the difference between compensation and indemnity?
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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.

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