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Definition of Compensation

Compensation

  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.
  3. 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.
  4. A recompense or reward for some loss or service.
  5. 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 Quotations

People demand freedom of speech as a compensation for the freedom of thought which they seldom use.
Soren Kierkegaard

If we will be quiet and ready enough, we shall find compensation in every disappointment.
Henry David Thoreau

If you pick the right people and give them the opportunity to spread their wings and put compensation as a carrier behind it you almost don't have to manage them.
Jack Welch

The Law of Divine Compensation posits that this is a self-organizing and self-correcting universe: the embryo becomes a baby, the bud becomes a blossom, the acorn becomes an oak tree. Clearly, there is some invisible force that is moving every aspect of reality to its next best expression.
Marianne Williamson

I explain the law of compensation like this: 'Returns are minimal in spite of massive effort at the start, yet returns can be massive with minimal effort over time.
Robert Kiyosaki
More "Compensation" Quotations

Compensation Translations

compensation in Afrikaans is vergelding
compensation in Dutch is beloning, loon, vergelding
compensation in Italian is compromesso, abbuono, indennizzo
compensation in Latin is merces mercedis
compensation in Swedish is kompensation

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