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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
Slang Meanings
Payback
He’s only in it for the payback.
Comp
The meal was a comp due to the service issues.