what is this sort of money?

[English4everyone]

What is the money that people get from insurance companies when they have an accident? or the money that people have to pay when they hurt another person or damage another person's property?

[shannico]

[QUOTE=English4everyone;849212]What is the money that people get from insurance companies when they have an accident? damage reimbursement
or the money that people have to pay when they hurt another person or damage another person's property?[/QUOTE compensation

Hope it helps.

[emsr2d2]

When someone has an accident, what we call the money they receive depends on whether or not the person was injured. If they were, then I would call it "injury compensation" or an "injury payout".

[BobK]

A related term (though only remotely related ) is 'blood money' - payment made to bereaved relatives when a relation of theirs has been killed. Historically, this formed a part of many cultures. In English it persists only in expressions like 'I don't want their blood money' [when, say, a company offers compensation for an accidental/negligent death].

Note that in legal contexts, 'damage' often occurs in the plural. You don't, for example, cause damages (the word is usually uncountable), but a court can 'award you damages'

b

[susiedq]

settlement

[SlickVic9000]

(Not a Teacher)

I believe the legal beagles call the money an injured party receives as compensation an indemnity. "Compensation" and "reparation" are the more common terms for it though.