The study contained in the following paragraphs pretends to put in consideration of the academic community and of the practicing lawyers the basic elements of the juridical regime of one of the forms of reparation or indemnity of the damages, which, traditionally had been known as “indemnity in natura”, this figure also nominated in comparative law as “in species” indemnity or “specific forms of indemnify”. Even thought, the concept is apparently simple, the terminology used to refer about it, the usefulness of the figure and the practical application realized by tribunals, had engendered important polemics in the literature, and that has motivated us to examine such situation according to Colombian Law. To accomplish such target we will analyze, in first term, the concept of damage reparation and its modalities, then, we will do a synopsis about the evolution that the concept of damage repair have had in the diverse stages of the Juridical Sciences, afterwards, we will enter into the analysis of in natura indemnity and its relation with the damage repair through the indemnify expressed in monetary terms, and culminate this writing with the study of the principle applications that the figure has in Colombian Law.