reparations

Definitions

Economics

  • Payment or other compensation provided by a government to a group of people or to another country to compensate for loss or damage that it has caused. Internationally, reparations have been paid after a war by the losers to the winners, most notably by Germany after World War I.

Forex

  • The payments or other forms of compensation given to a harmed party in a civil legal dispute by the defendant to help cover damages that resulted from the defendant's behavior. The CFTC might obtain reparations from a forex broker fraud case for forex traders harmed by the broker's actions.
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