Meaning of “restitution” in the English Dictionary

"restitution" in British English

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restitutionnoun [ U ]

uk /ˌres.tɪˈtʃuː.ʃən/ us /ˌres.təˈtuː.ʃən/

formal the return of objects that were stolen or lost:

They are demanding the restitution of ancient treasures that were removed from the country in the 16th century.

specialized law payment made for damage or loss:

The chemical company promised to make full restitution to the victims for the injury to their health.

(Definition of “restitution” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"restitution" in American English

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restitutionnoun [ U ]

us /ˌres·tɪˈtu·ʃən/ law

payment for damage or loss of property, or the return of items stolen or lost:

The company has agreed to make restitution of $44,930 and to pay an equal fine.

(Definition of “restitution” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"restitution" in Business English

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restitutionnoun [ U ]

uk /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)