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Translate files Compensation
/ˌkɒmpənˈseɪʃən/
Meaning & Definition
noun
Something, typically money, awarded to someone in recognition of loss, suffering, or injury.
The company offered her a generous compensation package for the hours she worked overtime.
The act of making amends or reparation for a loss or injury.
He received compensation for the damage to his car after the accident.
A payment made to someone in exchange for their work or services.
The compensation for this job includes a base salary as well as bonuses.
A counterbalancing equivalent; offset.
The compensation of good work with fair pay encourages employee satisfaction.
The process of compensating someone or something.
Compensation for the delay was handled through a discount on future purchases.
Etymology
From Latin 'compensatio', meaning 'a weighing together'.
Common Phrases and Expressions
compensation package
A set of benefits that employees receive from their employer.
compensatory damages
Monetary award to a plaintiff to offset the losses suffered.
fair compensation
A payment that is considered reasonable and just for the services or goods provided.
Related Words
reimburse
To pay back or make restitution for money spent or losses incurred.
remuneration
Payment for work done or services provided.
indemnity
Security or protection against a loss or other financial burden.
Slang Meanings
Payback
He’s only in it for the payback.
Comp
The meal was a comp due to the service issues.