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Which term describes the practice of paying a sum of money as compensation for loss?

Which term describes the practice of paying a sum of money as compensation for loss?
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Which term describes the practice of paying a sum of money as compensation for loss?

User Paul Lalonde
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Indemnity is the practice of paying a sum of money as compensation for loss


User Amitopenwriteup
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Indemnity is the practice of paying a sum of money as compensation for loss.
User Guilherme Rodrigues
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