Restitution

Restitution
Restitution refers to the act of compensating for loss, damage, or injury by making the affected party whole, either through monetary compensation or other forms of reparation.
Unjust Enrichment
Unjust enrichment refers to a scenario where an individual or entity gains or benefits from another's efforts or acts without providing compensation, leading to an obligation to make restitution.

Accounting Terms Lexicon

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