Terms Used In Louisiana Revised Statutes > Title 9 > CODE TITLE XVII > Chapter 1 - Transaction or Compromise

• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. ^{Source: FDIC}