Damages
Part of speech: verb
Definition: To impair the soundness, goodness, or value of; to harm or cause destruction.
Part of speech: noun
Definition: The money paid or awarded to a claimant (in England), a pursuer (in Scotland) or a plaintiff (in the US) in a civil action.
Example sentence: A State can sue for negligence as well as fraud damages.
Indemnity
Part of speech: noun
Definition: an obligation or duty upon an individual to incur the losses of another.repaymentthe right of an injured party to shift the loss onto the party responsible for the loss.(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.