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

Let :: Let (v. t.) To allow to be used or occupied for a compensation; to lease; to rent; to hire out; -- often with out; as, to let a farm; to let a house; to let out horses..
Board :: Board (v. i.) To obtain meals, or meals and lodgings, statedly for compensation; as, he boards at the hotel..
Lease :: Lease (v. t.) A demise or letting of lands, tenements, or hereditaments to another for life, for a term of years, or at will, or for any less interest than that which the lessor has in the property, usually for a specified rent or compensation..
Earn :: Earn (v. t.) To acquire by labor, service, or performance; to deserve and receive as compensation or wages; as, to earn a good living; to earn honors or laurels..
Broker :: Broker (v. t.) An agent employed to effect bargains and contracts, as a middleman or negotiator, between other persons, for a compensation commonly called brokerage. He takes no possession, as broker, of the subject matter of the negotiation. He generally contracts in the names of those who employ him, and not in his own..
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..
Pay :: Pay (n.) An equivalent or return for money due, goods purchased, or services performed; salary or wages for work or service; compensation; recompense; payment; hire; as, the pay of a clerk; the pay of a soldier..
Compensatory :: Compensatory (a.) Serving for compensation; making amends.
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.
Magbote :: Magbote (n.) Compensation for the injury done by slaying a kinsman.
Recoupe :: Recoupe (v. t.) To get an equivalent or compensation for; as, to recoup money lost at the gaming table; to recoup one's losses in the share market..
Compensation :: Compensation (n.) The act or principle of compensating.
Geld :: Geld (n.) Money; tribute; compensation; ransom.
Indemnity :: Indemnity (n.) Indemnification, compensation, or remuneration for loss, damage, or injury sustained..
Modus :: Modus (n.) A fixed compensation or equivalent given instead of payment of tithes in kind, expressed in full by the phrase modus decimandi..
Boarder :: Boarder (n.) One who has food statedly at another's table, or meals and lodgings in his house, for pay, or compensation of any kind..
Pittance :: Pittance (n.) A meager portion, quantity, or allowance; an inconsiderable salary or compensation..
Husbandage :: Husbandage (n.) The commission or compensation allowed to a ship's husband.
Octogild :: Octogild (n.) A pecuniary compensation for an injury, of eight times the value of the thing..
Livery :: Livery (n.) The feeding, stabling, and care of horses for compensation; boarding; as, to keep one's horses at livery..
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