COMPENSATION • FREE-TRANSLATOR.COM • Definition of Compensation

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/kˌɑmpənsˈeɪʃən/ Listen

noun

Compensation n.

1.

The act or principle of compensating.

2.

That which constitutes, or is regarded as, an equivalent; that which makes good the lack or variation of something else; that which compensates for loss or privation; amends; remuneration; recompense. "The parliament which dissolved the monastic foundations... vouchsafed not a word toward securing the slightest compensation to the dispossessed owners." "No pecuniary compensation can possibly reward them."

3.

(Law)

(a)

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.

(b)

A recompense or reward for some loss or service.

(c)

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.

Compensation balance, or Compensated balance, a kind of balance wheel for a timepiece. The rim is usually made of two different metals having different expansibility under changes of temperature, so arranged as to counteract each other and preserve uniformity of movement.

Compensation pendulum. See Pendulum.

Synonyms: Recompense; reward; indemnification; consideration; requital; satisfaction; set-off.

See images of 'Compensation'

Etymology of 'Compensation'

Collaborative International Dictionary of English 0.48

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"Compensation" Quotes from Famous Books

... to prescribe this office of piety. A stronger law than charity has a claim in the matter, and that is the law of justice. Justice demands a "quid pro quo," it exacts a just compensation for services rendered. Even though there be no agreement between parents and offspring, and the former gave without a thought of return, nature records a contract, by the terms of which parents in want are entitled to the same support from ...

— Explanation of Catholic Morals - A Concise, Reasoned, and Popular Exposition of Catholic Morals • John H. Stapleton

... excused my coming. It was the idea of getting Bulstrode to apply some money to a public purpose—some money which he had thought of giving me. Perhaps it is rather to Bulstrode's credit that he privately offered me compensation for an old injury: he offered to give me a good income to make amends; but I suppose ...

— Middlemarch • George Eliot

... it is such a very small matter! We are never asked to give compensation for such trivial losses. You must allow that we cannot make good pocket-handkerchiefs, gloves, brooms, slippers, all the small articles which are every day exposed to ...

— Maupassant Original Short Stories (180), Complete • Guy de Maupassant

... only by special act of Congress for distinguished services, appropriate distinction may be given to the officer at the head of the army at any time by the title of general-in-chief, with such additional compensation as is necessary to defray his living expenses in Washington. Neither the rank nor the pay of an officer in a subordinate position can possibly be regarded as appropriate to one in a higher grade of duty. Every grade ...

— Forty-Six Years in the Army • John M. Schofield

... to intimate to her his orders to hold her tongue, unless she wished to be discharged without hope of return. I do not know whether I added a milder argument to these threats to buy her silence; but, whether from fear or for compensation, she had the good sense not to talk. Nevertheless, the successful lover, fearing another surprise, directed me to rent in the Allee des Ireuves a little house where he and Madame D. met from time to time. Such were, and continued to be, ...

— The Private Life of Napoleon Bonaparte, Complete • Constant

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