Definition of compensation

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Compensation (n.) The extinction of debts of which two persons are reciprocally debtors by the credits of which they are reciprocally creditors; the payment of a debt by a credit of equal amount; a set-off.

Lern More About Compensation

Composition :: Composition (n.) The adjustment of a debt, or avoidance of an obligation, by some form of compensation agreed on between the parties; also, the sum or amount of compensation agreed upon in the adjustment..
Reparation :: Reparation (n.) The act of making amends or giving satisfaction or compensation for a wrong, injury, etc.; also, the thing done or given; amends; satisfaction; indemnity..
Compensation :: Compensation (n.) An equivalent stipulated for in contracts for the sale of real estate, in which it is customary to provide that errors in description, etc., shall not avoid, but shall be the subject of compensation..
Recompensation :: Recompensation (n.) Recompense.
Fee :: Fee (n.) Reward or compensation for services rendered or to be rendered; especially, payment for professional services, of optional amount, or fixed by custom or laws; charge; pay; perquisite; as, the fees of lawyers and physicians; the fees of office; clerk's fees; sheriff's fees; marriage fees, etc..
Chronometer :: Chronometer (n.) A portable timekeeper, with a heavy compensation balance, and usually beating half seconds; -- intended to keep time with great accuracy for use an astronomical observations, in determining longitude, etc..
Satisfactory :: Satisfactory (a.) Making amends, indemnification, or recompense; causing to cease from claims and to rest content; compensating; atoning; as, to make satisfactory compensation, or a satisfactory apology..
Consideration :: Consideration (n.) The cause which moves a contracting party to enter into an agreement; the material cause of a contract; the price of a stripulation; compensation; equivalent.
Recompense :: Recompense (n.) An equivalent returned for anything done, suffered, or given; compensation; requital; suitable return..
Satisfaction :: Satisfaction (n.) Settlement of a claim, due, or demand; payment; indemnification; adequate compensation..
Solatium :: Solatium (n.) Anything which alleviates or compensates for suffering or loss; a compensation; esp., an additional allowance, as for injured feelings..
Wages :: Wages (n.) A compensation given to a hired person for services; price paid for labor; recompense; hire. See Wage, n., 2..
Bonus :: Bonus (n.) Money paid in addition to a stated compensation.
Host :: Host (n.) One who receives or entertains another, whether gratuitously or for compensation; one from whom another receives food, lodging, or entertainment; a landlord..
Pilotage :: Pilotage (n.) The compensation made or allowed to a pilot.
Recompensation :: Recompensation (n.) Used to denote a case where a set-off pleaded by the defendant is met by a set-off pleaded by the plaintiff.
Payment :: Payment (n.) The act of paying, or giving compensation; the discharge of a debt or an obligation..
Redress :: Redress (v. t.) To make amends or compensation to; to relieve of anything unjust or oppressive; to bestow relief upon.
Compensation :: Compensation (n.) A recompense or reward for some loss or service.
Magbote :: Magbote (n.) Compensation for the injury done by slaying a kinsman.
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