restitution Meaning in Cambridge Business English Dictionary
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Meaning of "restitution" - Business English Dictionary

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restitution

noun [U]
 
 
/ˌrestɪˈtjuːʃən/ US   /ˌrestɪˈtuːʃən/
LAW payment made for damage or loss: demand/pay/seek restitution She was also ordered to pay restitution.make restitution to sb for sth The insurance company has a responsibility to make full restitution to the policyholders for their loss. They must pay more than $320,000 in restitution to certain customers.
formal the return of objects that have been stolen or lost: They are demanding the restitution of the stolen paintings to the museum.
(Definition of restitution from the Cambridge Business English Dictionary © Cambridge University Press)
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