different between consumption vs indemnity

English

Etymology

From Old French consumpcion, from Latin consumptio.

Pronunciation

• IPA^(key): /k?n?s?mp.??n/

Noun

consumption (usually uncountable, plural consumptions)

1. The act of eating, drinking or using.

   The consumption of snails as food is more common in France than in England.

2. The amount consumed.

   gross national consumption

3. The act of consuming or destroying.
4. (pathology) The wasting away of the human body through disease.
6. (pathology, dated) Pulmonary tuberculosis and other diseases that cause wasting away, lung infection, etc.

Derived terms

• autoconsumption, self-consumption
• conspicuous consumption

Related terms

• consumer

Translations

English

Etymology

From late Middle English indempnite, from Middle French indemnité, from Late Latin indemnitas (“security from damage”), from Latin indemnis (“undamaged”), from in- (“not”) + damnum (“damage”).

Pronunciation

• IPA^(key): /?n?d?mn?ti/
• Hyphenation: in?dem?ni?ty

Noun

indemnity (countable and uncountable, plural indemnities)

1. Security from damage, loss, or penalty.
2. (law) An obligation or duty upon an individual to incur the losses of another.
3. Repayment; compensation for loss or injury.
4. (law) The right of an injured party to shift the loss onto the party responsible for the loss.
5. (insurance) A principle of insurance which provides that when a loss occurs, the insured should be restored to the approximate financial condition occupied before the loss occurred, no better, no worse.

Related terms

• indemnify
• damage

Translations

See also

• double indemnity